Taiwanese semiconductor and tech companies agreed to invest $250 billion directly in the U.S. semiconductor industry under a trade deal signed by the Trump administration and Taiwan.

The Trump administration signed a multi-billion-dollar trade deal with Taiwan intended to boost U.S. domestic semiconductor manufacturing. The U.S. Department of Commerce said Taiwanese semiconductor and tech companies agreed to make $250 billion in direct investments into the U.S. semiconductor industry, spanning semiconductors, energy, and AI production and innovation. The Commerce Department also said Taiwan will supply an additional $250 billion in credit guarantees for additional investments from these enterprises. The U.S. will invest in Taiwan’s semiconductor, defense, AI, telecommunications, and biotech industries, with no specific dollar amount stated for the U.S. side.