The American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States have signed a trade agreement aimed at boosting the U.S. semiconductor industry. The deal is expected to encourage the return of semiconductor manufacturing to the United States, which officials say will enhance economic stability, generate well-paid jobs, and improve national security.
"This unprecedented commitment will strengthen U.S. economic resilience, create high-paying jobs, and bolster national security," according to a statement from those involved in the agreement.
A fact sheet has been made available that outlines how this agreement with Taiwan is intended to restore leadership in American semiconductor manufacturing through trade and investment collaboration.
