Central News Agency (CNA Taipei, June 29) Bank SinoPac announced today that its board of directors approved on June 26 a contribution of US$25 million to participate in the corporate investment in the United States financing guarantee mechanism program. By collaborating with the government, the program offers financing guarantees of up to 50%, aiming to leverage financial strength to support Taiwanese enterprises in securing operating capital and expanding their overseas presence. To deepen the strategic partnership between Taiwan and the United States in high technology, the National Development Council has launched the corporate investment in the United States financing guarantee mechanism. A total of 15 public and private banks have expressed their intention to participate in the first phase of fundraising, with a target amount of US$575 million. Including the National Development Fund's contribution of US$800 million, the total for the first phase special fund can reach US$1.375 billion. Bank SinoPac stated in a press release today that with the rapid development of artificial intelligence technology, there is strong demand for semiconductor chips, servers, and related electronic components produced by Taiwanese enterprises. The corporate investment in the United States financing guarantee mechanism is a government initiative to support financial institutions in providing credit lines of up to US$250 billion through financing guarantees, thereby enhancing the global competitiveness of Taiwan's technology industry and deepening its strategic layout, while also expanding the scope of domestic banking financial services. Bank SinoPac explained that eligible participants for this guarantee mechanism include domestic enterprises, foreign enterprises controlled by Taiwanese nationals, companies in the semiconductor and ICT (Information and Communication Technology) supply chains, and other approved projects. The funds can be used for capital expenditures such as the p