The US claims it just strongarmed Taiwan into spending $250 billion on American chip manufacturing

The US just lowered Taiwan’s tariffs in exchange for a massive domestic chipmaking promise, the Commerce Department announced on Thursday. Under the deal, tariffs on goods from Taiwan will decrease from 20 to 15 percent, while Taiwanese technology companies will invest $250 billion into building and expanding chipmaking facilities in the US, supported by atThe VergeRead More