Singapore's state investment company, Temasek, plans to invest up to $30 billion in the United States over the next five years, with a focus on sectors like healthcare, financial services, and technology.
Jane Atherton, head of Temasek North America, said in an interview with Reuters: "The U.S. capital markets are very deep and broad, and from an AI perspective, the U.S. is leading in every aspect."
The U.S. economy grew faster than expected in the second quarter, continuing to outperform other global economies. Despite recent fluctuations, the S&P 500 index has risen by 14.5% this year, partly fueled by excitement around artificial intelligence.
In contrast, China's economic growth fell short of expectations earlier this month and surprised the market last week by cutting key short-term and long-term interest rates to stimulate the economy.
Approximately 22% of Temasek’s investments are in the Americas, around $63 billion, while investments in China account for 19%. Last fiscal year, Temasek's investment share in the Americas surpassed that of China for the first time.
Atherton stated that in the U.S., Temasek is particularly focused on AI-related fields such as data centers, semiconductors, and battery storage.
