Taiwan Pledges $300B Investment, US Seeks Semiconductor Manufacturing

The United States is seeking a substantial investment from Taiwan in semiconductor manufacturing, aiming to bring 40-50% of American semiconductor consumption back to the US. Taiwans President, Lai Ching-te, supports this goal but emphasizes the need for US government facilitation in land acquisition, water and electricity supply, workforce development, and investment incentives. The potential investment from Taiwan could exceed $300 billion, with existing investments from companies like TSMC, Micron, and Texas Instruments serving as a benchmark. This push for investment is part of a broader effort to reduce US reliance on Taiwan for critical chips and deepen economic cooperation between the two nations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.