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Governor Eric J. Holcomb and a delegation that includes Secretary of Commerce Brad Chambers travelled to Taipei Sunday, Aug. 21 to kick off an economic development trip in Taiwan and the Republic of Korea. The trip will include visits with Taiwanese and South Korean government officials, business leaders and academic institutions to further strengthen Indiana’s economic, academic and cultural connections with Taiwan and South Korea.

The trip to Taiwan comes on the heels of two recent semiconductor industry announcements in Indiana including Taiwan-based MediaTek, as well as the recent signing of the federal CHIPS Act, placing a focus on strengthening Indiana’s technology microelectronics ecosystem. The delegation will focus on strengthening Indiana’s economic and academic partnerships and reinforcing the state’s commitment to innovation, as well as committing to working together to build the economy of the future on an international scale.

Indiana is home to more than 1,050 foreign-owned business establishments, representing more than 40 countries and territories — including 10 from Taiwan and 12 from South Korea. In 2021, 47 foreign-owned businesses committed to locating or growing in Indiana. Together, these firms plan to invest $3.55 billion in Indiana, creating jobs with an average wage of $29.57 per hour and accounting for 14% of the total new jobs committed in 2021.

Gov. Holcomb will be the first U.S. governor to visit Taiwan since 2019 and is the first Indiana governor to go to Taiwan in 17 years.

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08.21.22 Taiwan & South Korea economic development trip
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