The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry.
The deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.
A Taiwan Semiconductor Manufacturing Corporation facility under construction in Phoenix. As part of the trade deal, the company would commit to building more semiconductor facilities in Arizona.
John Ternus, a low-profile but influential executive at Apple, could be next in line to replace the company’s longtime chief executive, Tim Cook, if he steps aside.
Nvidia’s Vera Rubin on display at a company conference in October. The new chip is named for an astronomer whose research supported the existence of dark matter.
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