Taiwan will invest $250 billion in U.S. chipmaking under new trade deal
The U.S. and Taiwan reached a trade agreement aimed at expanding semiconductor manufacturing in the United States, the Commerce Department announced. Taiwanese chip and technology firms will invest at least $250 billion in U.S. production, backed by $250 billion in credit guarantees from Taiwan’s government. In return, the U.S. will reduce reciprocal tariffs on Taiwan to 15% and eliminate them on certain goods, while offering … Continue reading Taiwan will invest $250 billion in U.S. chipmaking under new trade deal
