TAIWAN Trends and Developments Contributed by: Weita Liao, Denise Jen, Arthur Chang and Peter Chen, LCS & Partners
LCS & Partners 5F, No 8, Sec 5 Sinyi Rd Taipei City Taiwan Tel: +886 2 2729 8000 Fax: +886 2 2722 6677 Email: weitaliao@lcs.com.tw Web: denisejen@lcs.com.tw
Overview of Recent Trends Inbound transactions
to approximately USD38.43 billion, marking a 14.47% decrease compared to 2024. While outbound invest - ment in 2025 saw a retreat from the historic peaks of 2024, it remained significantly elevated compared to historical averages, according to data from the Department of Investment Review. In 2025, Taiwan’s outbound investment continued to prioritise emerging markets in the Asia-Pacific region, the green energy sector, and strategic projects aimed at enhancing semiconductor supply chain resilience. For instance, HD Renewable Energy indirectly invest - ed AUD209,062,497 in Australia-based Zebre Pty Ltd., a company primarily engaged in energy storage, electricity sales and power generation. In addition, the re-election of Donald Trump and the subsequent intensification of the “Made in USA” initia - tive have steered Taiwanese capital primarily toward the semiconductor sector. Following the administra - tion’s 2 April 2025 announcement of a comprehen - sive Reciprocal Tariff Policy, major players like Taiwan Semiconductor Manufacturing Company (TSMC) significantly accelerated their strategic alignment to navigate heightened geopolitical pressures and the urgent demand for supply chain resilience. Despite the friction caused by the initial tariff announcement, extensive bilateral negotiations cul - minated in the signing of the Agreement on Recip - rocal Trade (ART) on 12 February 2026. Under this accord, Taiwan committed to eliminating 99% of its tariff barriers on US industrial and agricultural goods and pledged to significantly increase its procurement
According to the statistical data compiled by the Department of Investment Review of Taiwan’s Ministry of Economic Affairs (formerly known as the Investment Commission of the Ministry of Economic Affairs), the foreign direct investment (FDI) amount in Taiwan in 2025 was approximately USD11.393 billion (exclud - ing investments from the PRC area), representing an increase of approximately 44.98% compared to 2024. According to the press release issued by the Depart - ment of Investment Review, the growth in foreign investment in 2025 was driven by several major pro - jects. These include an investment of approximately USD2.02 billion by the Denmark-based Ørsted Group to establish Greater Changhua SW Holdings Ltd., a company dedicated to the development of offshore wind farms off the coast of Changhua, Taiwan. Addi - tionally, Copenhagen Infrastructure Partners executed a capital increase of approximately USD671.51 million through its Luxembourg-based entity in CI Fengmiao Ltd., a firm focused on offshore wind power develop - ment in Taiwan. Furthermore, Google contributed a capital increase of approximately USD212.22 million through its UK entity into Google Taiwan Engineering Limited. These significant cases demonstrate that Tai - wan’s investment climate remains highly regarded by
international investors. Outbound transactions
Despite an increase in inbound investments in 2025, the total outbound investment (excluding investments in the PRC area) for the duration of 2025 amounted
1293 CHAMBERS.COM
Powered by FlippingBook