Taiwan's Ministry of Economic Affairs has officially approved NVIDIA's application to establish a subsidiary in the country with an investment of NT$1 billion (approximately US$32.12 million). This move will allow the US-based AI chip giant to have an independent legal entity in Taiwan, enabling it to hold assets, make significant purchases, and handle local tax and R&D funding with more flexibility. The establishment of a subsidiary, as opposed to a branch office, signifies a deeper commitment to the region. It will facilitate more complex contracts and streamline operations in the key semiconductor manufacturing hub. Specific details regarding the new subsidiary's immediate operational focus were not disclosed. There has been no significant market reaction analysis directly linked to this announcement as of yet.