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TAIPEI – Taiwan’s Economics Minister Kung Ming-hsin is scheduled to depart for the United States tonight to attend the 2026 SelectUSA Investment Summit, a major U.S.-government organized forum, and to lead what is expected to be one of the largest foreign delegations at the event .
The visit marks a significant step in deepening Taiwan-U.S. economic ties, following a tariff reduction deal signed in January that paved the way for massive Taiwanese investment in the United States .
🏢 Investment Commitments & Semiconductor Focus
Under the January agreement, Taiwanese companies have committed to investing $250 billion in the U.S. to expand production in semiconductors, energy, and artificial intelligence .
A cornerstone of this initiative is TSMC, the world’s largest contract chipmaker, which is investing $165 billion to construct new factories in Arizona .
- Minister’s Itinerary: Before the summit, Kung will visit Arizona to assess the investment environment and attend the official opening of the new Phoenix Taiwan Trade and Investment Center on May 1 .
- Delegation Size: According to American Institute in Taiwan (AIT) statistics, the Taiwanese delegation is expected to be the largest or among the largest at the summit .
🌐 SelectUSA Investment Summit Details
The delegation is attending the 2026 SelectUSA Investment Summit, hosted by the U.S. Department of Commerce .
- Dates: The summit runs from May 3 to May 6 in National Harbor, Maryland .
- Participation: AIT has been actively supporting the delegation, hosting pre-departure events to help Taiwanese firms connect with innovation ecosystems across 10 U.S. states .
- Other Companies: Aside from TSMC, other major Taiwanese firms investing in or expanding to the U.S. include Foxconn (Nvidia’s largest server maker) and silicon wafer manufacturer GlobalWafers .
🇺🇸 Strategic Economic Alignment
The investment mission is the latest development in the growing economic partnership between Taiwan and the United States.
In January, following the 6th U.S.-Taiwan Economic Prosperity Partnership Dialogue (EPPD), both sides signed a joint statement on the Pax Silica Declaration, a U.S.-led initiative focused on securing trusted supply chains for AI and advanced technologies .
Despite Taiwan running a large trade surplus with the U.S.—which has drawn the attention of the Trump administration—Kung emphasized that the government supports the private sector’s decisions on where to invest .
“The fact that so many have joined really shows that Taiwan’s businesses are interested in the U.S. market and in investing there,” Kung said .
📊 Key Takeaways
| Aspect | Summary |
|---|---|
| Visitor | Economics Minister Kung Ming-hsin |
| Events | Phoenix Trade Center opening (May 1); SelectUSA Summit (May 3-6) |
| Investment Pledge | $250 billion in semiconductors, AI, and energy |
| Major Project | TSMC’s $165 billion Arizona fabs |
| Summit Host | U.S. Department of Commerce |
| Context | Implementation of January’s tariff reduction and EPPD agreements |