Today, the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States signed a trade agreement focused on strengthening the U.S. semiconductor sector. The deal aims to bring more semiconductor manufacturing back to the United States.
According to officials, this agreement is intended to increase economic resilience, create new jobs, and enhance national security by reducing dependence on foreign manufacturers. "This unprecedented commitment will strengthen U.S. economic resilience, create high-paying jobs, and bolster national security," states the announcement.
Semiconductors are considered essential for industrial, technological, and military capacities. The press release highlights concerns that past policies led to much of this industry moving overseas, resulting in reliance on international supply chains. "Yet, for far too long, the Washington establishment allowed this strategic sector to move offshore, leaving the United States dependent on foreign manufacturers and brittle global supply chains," it says.
The Trump Administration has stated its intention to reverse this trend by promoting domestic production.
