Japanese, Korean, Taiwanese firms' US investment set to keep climbing: Citi
HONG KONG — Investments by some companies from Asian economies in the United States are set to keep climbing amid a global supply-chain shake-up, Citi's international chief said, with spending expected to build in stages. "These companies have a lot of capacity to invest. I think that investments from the South Koreans, Taiwanese, and Japanese firms is likely to continue," said Ernesto Torres…
HONG KONG — Investments made by firms from Asian nations in the United States are expected to continue rising, according to Ernesto Torres Cantu, who leads Citi's global business outside of North America. The investments from South Korean, Taiwanese, and Japanese companies, in particular, are likely to persist, the executive told Reuters.
Citi and JPMorgan Chase are currently supporting Japanese projects that align with Tokyo's $550 billion investment commitment to the United States. Simultaneously, the White House recently announced the first segment of South Korea's $350 billion strategic plan. The analyst emphasized that investments into U.S.-targeted projects often grow over time, likening a company's capital expenditure to a multi-phase manufacturing expansion, starting from land acquisition, construction of facilities, and subsequent operations.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
