6/22/2017 01:19 PM EDT
AUSTIN, Texas — Taiwan will invest about $131 million over four years in the island nation's semiconductor industry, according to multiple news reports citing recent remarks by Taiwan's Minister of Science and Technology (MOST).
Reports out of Asia indicate that Minister Chen Liang-gee, speaking at the grand opening of a Phison Electronics fab in Taiwan last week. MOST will invest about $33.5 million per year over the next four years in high-tech chip applications including artificial intelligence (AI), the report quoted the minister as saying.
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