After many months of ups and downs, Taiwan's vice premier Cheng Li-chiun has announced a deal that should slash tariffs on the country's exports to the US. In turn, Taiwan will boost its investment in the US tech industry, particularly when it comes to the production of silicon for AI.
U.S. commerce secretary Howard Lutnick said that this deal will see Taiwan putting $250 billion towards not only AI or semiconductor production, but energy as well (via Reuters). This figure includes $100 billion from chipmaker TSMC, which it already committed to investing last year as part of a long term plan to build new fabs in the US.
