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…
Investments by Asian firms in the United States are on track to grow further, according to a senior executive at Citi. Ernesto Torres Cantu, who leads Citi's global business outside of North America, spoke about a rising trend in spending by South Korean, Taiwanese, and Japanese companies.
Torres Cantu highlighted that these firms possess significant investment capacity, and the trend is expected to continue in stages. The international banking giant is financing Japanese projects linked to Tokyo's $550 billion pledge for U.S. investments. Similarly, the White House recently announced the first installment of South Korea's $350 billion strategic package earmarked for the United States.
Citi's projections suggest that investments in projects targeted at U.S. markets tend to increase incrementally, similar to a company's capital expenditure process. This process involves several stages, from acquiring land to constructing a factory and ramping up production.
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.
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