The United States and Taiwan on Thursday announced a comprehensive trade and investment agreement designed to trigger a revival of the U.S. semiconductor sector in the homeland.
The deal, announced in a release by the Department of Commerce, establishes an economic partnership between the countries to strengthen domestic semiconductor supply chains through $500 billion in direct investment and credit guarantees.
The centerpiece of the agreement is a twofold financial commitment from Taiwan aimed at rebuilding U.S. leadership in the technological and industrial sectors.
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The Taiwanese government will provide an additional $250 billion in new, direct investments to build advanced production facilities for chips, energy, and artificial intelligence in the U.S.
Taiwan will also provide $250 billion in credit guarantees to facilitate the expansion of a full
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