Semiconductor Giant Taiwan Boosts U.S. Tech with Landmark Trade Deal

The U.S. and Taiwan finalized a trade deal, reducing tariffs on semiconductor exports and encouraging Taiwanese investments in the American tech sector. This move aims to counter Chinese influence and expand tech production in the U.S., bringing significant benefits to both nations' technology industries.

The United States and Taiwan have finalized a major trade deal that promises to bolster America's tech sector by cutting tariffs on Taiwanese semiconductor exports and fostering substantial investments from Taiwanese technology companies.

This agreement, which comes at a crucial time as tensions with China escalate, offers lower tariffs and tax incentives for Taiwanese semiconductor firms expanding production in the U.S., with particular benefits for major companies like TSMC.

The trade pact encourages TSMC and others to invest at least $250 billion to enhance chip manufacturing and AI development in the United States, while Taiwan will provide credit guarantees to support these investments further.

(With inputs from agencies.)