Lutnick: Taiwan Chip Deal Worth $500 Billion
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Lutnick: Taiwan Chip Deal Worth $500 Billion

Under the terms of a new U.S. ‍trade ‍deal with Taiwan, ⁠companies from Taiwan will invest $250 ​billion and the ‍island's government will invest ⁠another $250 billion to expand semiconductor manufacturing ⁠in ​the ⁠United States, Howard Lutnick ‌said.