Taiwan's foreign direct investments in Q2 of 2024 exceeded US$10 billion, marking a more than US$7.5 billion jump year-on-year.
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00:00More Taiwanese businesses are expanding abroad as the country's direct overseas investment
00:05reached a new high in the second quarter.
00:08Taiwan invested US$10.7 billion abroad between April and June this year.
00:14That's an increase of about US$7.5 billion over the same period last year.
00:19Economy ministry data shows domestic tech companies are fueling the uptick.
00:24The world's largest contract chip maker TSMC is funding projects in the US and Japan,
00:30while iPhone maker Foxconn is also investing in Europe, Mexico and the US.