US says it reached deal with Taiwan to lower tariffs and boost investments

This tariff reduction and investment pledge signify a strategic move by the US to bolster its domestic semiconductor industry amidst global supply chain challenges. By incentivizing Taiwanese companies to invest heavily in the US, the agreement not only aims to enhance local manufacturing capabilities but also to reduce reliance on foreign supply chains. The long-term implications could reshape the competitive landscape of the tech industry, particularly in semiconductor production.