Taiwan will invest $250B in U.S. chipmaking under new trade deal

Summary

Brian Sullivan reports breaking news of a new U.S.-Taiwan trade agreement. The deal includes at least $250 billion in direct Taiwanese investment in the U.S., $250 billion in credit guarantees, and tariff reductions on Taiwanese goods and select sectors. Sullivan also says TSMC is likely to add up to five new fabs to its Arizona facility, reinforcing U.S. semiconductor and AI manufacturing capacity.

• White House and Commerce Department unveil a new trade agreement with Taiwan.
• Taiwan semiconductor and tech companies to invest at least $250B in the U.S.
• Taiwan provides at least $250B in credit guarantees.
• Reciprocal tariff on Taiwanese goods capped at 15%, down from 20%.
• Section 232 tariffs on Taiwanese auto parts, lumber and wood products capped at 15%.
• Generic drugs and some aircraft components get 0% tariff rate.
• TSMC likely to add up to five fabs to Arizona, bringing total to eight.
• Deal aims to strengthen U.S. as global center for semiconductors and AI.