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Taiwan’s Telecom Giants Set to Capitalise on Biden’s $42bn US Broadband Boost

In an ambitious move, US President Biden announced a $42bn allocation from the infrastructure law to build high-speed broadband networks across the United States. The funding, set to be released progressively, aims to provide all American homes with fast internet access by 2030.

Several Taiwanese telecommunication manufacturers, including Zhonglei, Qiqi, Zhiyi, Zhongqi, and Zhengwen, could reap the benefits of this project, given their significant focus on the American market. The top contributor, Zhongqi, derives around 80% of its revenue from North America, followed by Qiqi at 60%. Other manufacturers generate about half their revenue from the US market. This. . .

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