Taiwan plans $9B investment in a new submarine fleet by 2038 to deter China amid tensions.

Taiwan plans to invest nearly $9 billion in building a new submarine fleet, aiming to manufacture seven vessels between 2025 and 2038 to deter China. The first domestically-built submarine, the Narwhal, has not yet completed sea trials and faces concerns over cost and timeline. The decision comes amid increasing tensions with China, which claims sovereignty over Taiwan.