US-Taiwan Deal: Trillions for Chips!
The United States and Taiwan signed a major trade agreement on Thursday to strengthen semiconductor production in the US. This agreement comes amid global competition for chips, which are crucial components in cars, electronics, and military technology.
One of the key points of the agreement is a $250 billion investment by TSMC (Taiwan Semiconductor Manufacturing Company) to build several new factories in Arizona. These factories will help the US increase domestic chip production capacity and reduce reliance on imports from Asia, which are considered strategic for national security.
In return, the United States will lower tariffs on Taiwanese goods from 20% to 15%. Furthermore, chipmakers like TSMC that expand their operations in the US will be exempt from some tariffs. This move is expected to encourage more foreign direct investment in the US technology industry.
This agreement joins a list of similar deals recently struck with the European Union and Japan, aimed at strengthening the global semiconductor supply chain and reducing the risk of supply disruptions due to geopolitical conflicts or crises. Analysts say this move demonstrates the US's seriousness in wanting to become a major player in the chip sector.
With this significant investment and tariff reduction, the future of the US chip industry is predicted to be even stronger. In addition to supporting local economic growth in Arizona, this agreement is also expected to create thousands of jobs and strengthen America's position in the global technological competition. (az)
Source: Newsmaker.id
