US in advanced talks with Taiwan for TSMC investment in semiconductor facilities

The Trump administration is currently engaged in advanced negotiations with Taiwan to secure increased investments from Taiwan Semiconductor Manufacturing Company (TSMC) in U.S. semiconductor facilities. These discussions include the establishment of worker training programs. In exchange for these investments, the U.S. government is considering potential reductions to the existing 20% tariff on imports from Taiwan, according to a report by Reuters.

These negotiations come amid ongoing efforts to bolster domestic semiconductor production and reduce reliance on foreign supply chains. TSMC is a key player in the global semiconductor industry, and its investments in U.S. facilities could significantly impact the sector.

For further context on international developments, see recent developments in diplomatic relations.