The U.S. Commerce Department announced a massive U.S.-Taiwan chips deal on Jan. 15, which is expected to go a long way in reshoring American semiconductor manufacturing.
It includes a minimum of $250 billion in direct investment from Taiwanese tech enterprises in chips, energy, and artificial intelligence innovation in the United States, as well as credit guarantees by the Taiwanese government for another $250 billion in other Taiwanese investments to expand the chip supply chain in the United States.
Taiwan will also see U.S. investment in its own tech sectors and will benefit from tariff rates capped at 15 percent, down from 20 percent, and certain tariff exemptions as part of the deal….
US, Taiwan Reach $500 Billion Chips Deal
