US Claims it Just Strongarmed Taiwan into Spending $250 Billion on American Chip Manufacturing
The US has reportedly struck a trade deal with Taiwan, requiring the country to invest $250 billion in American chip manufacturing. According to a report by The Verge [6], the Commerce Department announced on Thursday that tariffs on goods from Taiwan will decrease from 20 to 15 percent. In exchange, Taiwanese technology companies will invest $250 billion into building and expanding chipmaking facilities in the US, supported by the Commerce Department.
The deal is seen as a significant win for the US, which has been pushing for increased investment in domestic chip manufacturing. The US has been concerned about the country's reliance on foreign chipmakers, particularly Taiwan Semiconductor Manufacturing Company (TSMC), which is a major supplier of chips to the US.
The investment will be used to build new chipmaking facilities and expand existing ones in the US. The deal is expected to create thousands of jobs and help to boost the US economy.
The US has been pushing for increased investment in domestic chip manufacturing for several years. In 2020, the US government passed the CHIPS Act, which provided funding for the development of domestic chip manufacturing. However, the US has struggled to attract investment in the sector, with many companies preferring to invest in foreign chipmakers.
The deal with Taiwan is seen as a significant step forward for the US, and is likely to be welcomed by the US government and industry leaders. However, it remains to be seen whether the deal will be successful in boosting domestic chip manufacturing and reducing the US's reliance on foreign suppliers.
The Verge [6] reported that the deal was announced on Thursday, and that tariffs on goods from Taiwan will decrease from 20 to 15 percent. The Commerce Department said that the deal will create thousands of jobs and help to boost the US economy.
Taiwan to invest $250B in US semiconductor manufacturing [8] by TechCrunch reports that the US and Taiwan have reached a deal that will see Taiwanese technology companies invest $250 billion in American chip manufacturing. The deal is seen as a significant win for the US, which has been pushing for increased investment in domestic chip manufacturing.
The US claims it just strongarmed Taiwan into spending $250 billion on American chip manufacturing [6] by The Verge reports that the US has struck a trade deal with Taiwan, requiring the country to invest $250 billion in American chip manufacturing. The deal is seen as a significant step forward for the US, and is likely to be welcomed by the US government and industry leaders.
Sources
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[6] The US claims it just strongarmed Taiwan into spending $250 billion on American chip manufacturing
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[8] Taiwan to invest $250B in US semiconductor manufacturing
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