TSMC buys up land in Arizona as Taiwan pledges US$500 billion US tech investment
AI Summary
Taiwan has pledged to invest hundreds of billions of dollars into the US chip industry as part of a new trade deal. The deal, announced Thursday by the US Department of Commerce, will see America reduce tariffs on Taiwan, while Taiwan will invest $250 billion in the US, with the Taiwanese government providing another $250 billion in credit guarantees. Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, is expanding its presence in Arizona, having purchased a second tract of land there. TSMC plans to build at least five new semiconductor facilities in the US as part of this investment. The goal is to create a complete semiconductor supply chain within the United States.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories