Not really. Prologium not even listed, and this deal is way too big for them to chew that they need to do IPO. Other investments are still coming in like this one.
That’s semiconductors. Semiconductor-related companies are still investing in Taiwan like there’s no tomorrow. Show me a non-semiconductor-related company.
TSMC is expanding their fabs in Tainan, and is building additional more advanced N2.5 and N1 fabs. They aren’t going to do that unless there’s some serious business coming. IC fabs aren’t cheap. They’re building one plant in Arizona but most of TSMC’s operation is going to be in Taiwan.
If a company is pulling out of Taiwan the decision is much more likely to be a market related reason, not because of China or political problems.
This slowdown started with the Russia-Ukraine war, which made the prospects of a hot war in the Strait more real. The drills might’ve exacerbated the situation.
I’ve been tracking the establishment of R&D shops. There was a ton of momentum. After the war broke out, the only company to open one up was Meta a few months in, and it was planned before the war. After that, nothing.
There was a lot of foreign investment in Taiwan due to Offshore Wind recently. I think this is unlikley to be a long term trend so @OysterOmelet is right. A few years ago Taiwan was trending in the right direction.
I think if we have a couple of years without major political incidents, the fengshui will turn and foreign money will come back.