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.
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