Getting Started
So, Taiwanese companies are totally shaking up their supply chains and moving 'em from China to India. Why? 'Cause trade drama is heating up everywhere and Taiwan and India are getting cozier with their economies.
More Money Moving Around
This big cheese from the Taiwan External Trade Development Council, James Huang, said that from 2018 to 2023, Taiwan's investments in India shot up to over $665 million. That's a lot more than before, showing they're really into doing business with India.
Why They're Doing It
Huang spilled the tea that all these trade feuds, like the US and China beefing, made Taiwan's companies want to spread out their goods' sources. So now, they're big into stuff like making phones and shoes in India.
Joining Forces and Building Stuff
A huge Taiwan company, Powerchip Semiconductor Manufacturing Corp, teamed up with India's Tata Group to build a place to make computer chips in Gujarat. India's throwing a $10 billion party to get more into making chips, and they're using Taiwan's brainpower to do it.
What's Next and What's Good
They're also planning to get students from India to learn some fancy tech stuff in Taiwan. This is gonna help both countries get better at making high-tech gadgets and grow together.
How Much They're Trading
India and Taiwan's trade hit a cool $10.1 billion in March 2024. They're totally vibing economically and ready to do even more together.
The Bottom Line
This whole situation with Taiwan moving their stuff to India is like a master plan to deal with everyone else's trade drama. It's setting them up to be big players in the economic world and work closer together on cool techy things.