Taiwan Semiconductor Manufacturing Co. (TSMC) anchors a new trade deal being finalized between the Trump Administration and Taiwan, according to The New York Times.
Under the proposed agreement, the U.S. will lower its tariff rate on goods exported from Taiwan to 15 percent.
In exchange, TSMC commits to building five additional semiconductor manufacturing facilities in Arizona. This expansion significantly bolsters its U.S. presence. The move supports U.S. efforts to secure critical technology supply chains and bolster domestic chip production.
Following the report, TSMC shares saw a noticeable increase during trading on Monday.