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Market Chatter: Taiwan's Science Ministry Cautions AI, Chip Funding Could be Hit by Spending Cuts

MT Newswires Live2024-12-27

Taiwan's Ministry of Science and Technology said Friday that funding for semiconductors, AI and aerospace could drop by 20 billion Taiwanese dollars ($609.1 million) next year after opposition parties approved laws cutting economic and technology spending, Reuters reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Comment1

  • shihlonchen
    ·2024-12-28
    This is news deliberately released by the ruling party for the sake of political struggle, because the opposition party wants to investigate the ruling party's corruption in government funds. It will not affect investment in Taiwan's technology industry at all. It is purely news released by political struggles.
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