Taiwan Pledges $250B For U.S. Semiconductor Investment

Taiwan and the United States reached a trade agreement announced January 15, under which Taiwanese semiconductor and technology companies will invest at least $250 billion in U.S. chip manufacturing, energy, artificial intelligence, defense, communications and biotechnology projects. Taiwan will also provide $250 billion in credit guarantees; the deal includes joint technology parks, a 15% tariff cap for Taiwanese imports, and preferential market access for U.S. semiconductor plants.