Taiwan aims to be strategic AI partner in US tariff deal

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said on Friday.The administration of President ​Donald Trump has pushed the major producer of semiconductors for greater investment in the United States, specifically in turning out chips that power AI."In this negotiation, we ‌promoted two-way Taiwan–U.S. high-tech investment, hoping that in the future we can become close AI strategic partners," Cheng said in comments livestreamed from a press conference in Washington.Cheng led the talks that clinched Thursday's trade deal, which cuts ‌tariffs on many of Taiwan's exports, and directs new investments in the U.S. technology industry, but it could also irritate China.China regards democratically-ruled Taiwan as its own territory and strongly objects to high-level U.S.-Taiwan exchanges. Taiwan rejects Beijing's sovereignty claims.U.S. Commerce Secretary Howard Lutnick said Taiwan companies would invest $250 billion to boost production of semiconductors, energy and artificial intelligence in the United States.The figure includes $100 billion already committed by chipmaker TSMC in 2025, with more to come, he added.Taiwan will also guarantee an additional $250 billion in credit to facilitate further investment, the Trump administration said.'CLOSE PARTNERS'Cheng called the ⁠deal "win-win", adding that it would also encourage U.S. investment in Taiwan. ‌The United States is the island's most important international backer and arms supplier, despite the lack of formal diplomatic ties.The investment plan is company-led, rather than driven by the government, and Taiwan companies will continue to invest at home, Cheng added."We believe this supply-chain cooperation is not 'move,' but 'build.' ‍We expand our footprint in the U.S. and support the U.S. in building local supply chains, but even more so, it is an extension and expansion of Taiwan's technology industry."Investments would also cover AI servers and energy, Taiwan Economy Minister Kung Ming-hsin told reporters in Taipei, adding that it was up to companies to reveal the chip-related amounts.Taiwan's benchmark stock closed at a record high on Friday, boosted by ​strong TSMC fourth-quarter earnings and a favourable investor reaction to the tariff deal."Taiwan is the first country the U.S. has publicly announced as receiving the most preferential treatment for ‌chips and related products, highlighting that Washington views Taiwan as a key strategic partner in semiconductors," Taiwan Institute of Economic Research President Chang Chien-yi told Reuters.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,940.01 -4.46 (-0.06%)Dow 3049,359.33 -83.11 (-0.17%)Nasdaq23,515.39 -14.63 (-0.06%)Russell 20002,677.74 +3.18 (+0.12%)VIX15.86 +0.02 (+0.13%)Gold4,595.40 -28.30 (-0.61%)Trending tickersBTC-USD Bitcoin USD 95,137.34 -344.70 (-0.36%)NVO Novo Nordisk A/S 62.33 +5.21 (+9.12%)SMCI Super Micro Computer, Inc. 32.64 +3.22 (+10.94%)APP AppLovin Corporation 568.76 -38.23 (-6.30%)VERO Venus Concept Inc. 8.00 +6.56 (+455.56%)PortfolioSign in to access your portfolioSign inTop gainersIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)AGX Argan, Inc. 383.66 +54.00 (+16.38%)RIOT Riot Platforms, Inc. 19.24 +2.67 (+16.11%)ASTS AST SpaceMobile, Inc. 115.77 +14.52 (+14.34%)FIGR Figure Technology Solutions, Inc. 73.91 +8.99 (+13.86%)Top losersZGN Ermenegildo Zegna N.V. 9.56 -1.46 (-13.25%)SSL Sasol Limited 6.31 -0.84 (-11.75%)TLN Talen Energy Corporation 371.66 -47.41 (-11.31%)CEG Constellation Energy Corporation 307.71 -33.42 (-9.80%)GTM ZoomInfo Technologies Inc. 9.04 -0.96 (-9.65%)Most activeIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)ONDS Ondas Holdings Inc. 12.16 -0.66 (-5.15%)NVDA NVIDIA Corporation 186.23 -0.76 (-0.41%)INTC Intel Corporation 46.96 -1.35 (-2.78%)BBAI BigBear.ai Holdings, Inc. 6.12 -0.05 (-0.81%)Top economic eventsEarnings eventsMy earnings eventsEarnings events