In return, the United States will cap “reciprocal” tariffs on Taiwan at 15%, down from 20 percent. The deal also sets zero reciprocal tariffs on generic pharmaceuticals, their ingredients, aircraft components, and selected natural resources. Commerce Secretary Howard Lutnick said the agreement could accelerate new chip projects in Arizona.

The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry.

Washington — The U.S. and Taiwan have agreed to a deal that would lower tariffs on goods from Taiwan to no more than 15%, and boost Taiwanese semiconductor companies' financing for U.S. operations by half a trillion dollars, the Trump administration announced Thursday.

Federal, state and local officials held a groundbreaking ceremony Friday for Micron's $100 billion semiconductor chip fabrication plant near Syracuse.

Companies that provide picks and shovels for the artificial-intelligence boom jumped after record earnings from Taiwan Semiconductor Manufacturing Co. suggested that the AI rally still has room to run.

The U.S. signed a trade deal with Taiwan to revitalize its semiconductor sector through investment, credit guarantees and trade incentives.

TSMC makes the most advanced semiconductors in the world. They are the tiny electronic “brains” that power most modern electronics.

The HCL–Foxconn joint venture, which is coming up in Uttar Pradesh, is expected to begin commercial production in 2027

The fabrication runs were enabled through the ChipIN Centre at C-DAC Bengaluru, which aggregates student-designed chips from participating institutions and sends them for fabrication to the Semi-Conductor Laboratory (SCL), Mohali, using 180 nanometre process technology.