top of page

Taiwanese Investment Boosts US Semiconductor Production

  • tech360.tv
  • 20 hours ago
  • 1 min read

A new trade deal between the United States and Taiwan will see a total investment of USD 500 billion aimed at expanding semiconductor manufacturing in the US. The agreement involves significant financial commitments from both Taiwanese companies and the island's government.

Credit: Eric Lee/The New York Times
Credit: Eric Lee/The New York Times

Taiwanese companies are set to invest USD 250 billion into the expansion efforts. The Taiwan government will also contribute an additional USD 250 billion under the terms of the deal.


US Commerce Secretary Howard Lutnick shared these details during an interview with CNBC. The investment targets the growth of semiconductor production capabilities within the United States.

  • A new US-Taiwan trade deal is valued at USD 500 billion.

  • The investment aims to expand semiconductor manufacturing in the United States.

  • Taiwanese companies will invest USD 250 billion.


Source: REUTERS

 
 
 

Comments

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page