By bizn_fun 
In an interview on CNBC, Commerce Secretary Howard Lutnick said the agreement would help the US become “self-sufficient”.
“We’re going to bring it all over,” he said.
The US has devoted hundreds of billions of dollars in government subsidies to the semiconductor industry in recent years, helping to secure and expand investments from the likes of TSMC, the Taiwanese manufacturing giant that dominates the industry.
As part of its earnings update on Thursday, the company said it was accelerating its investments in the US, where it opened a plant in 2024.
The factory in Arizona, which now makes chips for Nvidia, Apple, AMD and other major American tech companies, was built with the help of $40bn in US government subsidies passed during the Biden administration.
Lutnick said the latest trade deal could lead the firm to expand and was also meant to further develop the supply chain, convincing smaller businesses to relocate to the US as well.
As well as the direct investments from companies, the Taiwanese government will provide $250bn in financing to support firms, according to the Commerce Department.