Taiwan maps Texas complex to host Nvidia AI hardware suppliers

What happened?

1. According to the ministry, private firms are to supply the funds, whereas the state will give financial and administrative assistance, and TEEMA will aid in collecting the required capital.
2. Government support would include loan guarantees and coordination with U.S. federal and local authorities on visas and land arrangements, the ministry said
3. The Texas park is described as the first in a series of U.S. industrial parks for smaller Taiwanese manufacturers, with Texas expected to be the starting point, not the only site

Taiwan's Ministry of Economic Affairs said it plans an industrial park in Texas, priced at $2 billion to $4 billion, for the smaller Taiwanese manufacturers that supply semiconductor and AI hardware to TSMC, Nvidia and Foxconn. The ministry said the park is intended to be the first in a series of U.S. sites, with private companies funding construction, TEEMA helping raise the money and the government offering loan guarantees and coordination on land and visas. Bloomberg reported that land has been secured in Texas, while the ministry said further details would be provided later.

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