Trump claims tariffs drove 'historic' economic gains as U.S. and Taiwan announce massive $500 billion semiconductor deal to rebuild domestic manufacturing.

The United States agreed to lower tariffs on Taiwanese goods from 20 to 15 percent, while Taiwan says it will invest in more chip manufacturing in the U.S.

President Donald Trump recently proclaimed that “The United States Government Is Proud to Be a Shareholder of Intel,” drawing fresh attention to one of the world’s most influential semiconductor companies.

SUPPORTING AMERICA’S SEMICONDUCTOR INDUSTRY: Today, President Donald J. Trump signed a Proclamation invoking Section 232 of the Trade Expansion Act of 1962 (Act) to address national security concerns with respect to imports of semiconductors, semiconductor manufacturing equipment, and their derivative products.

The semiconductor giant looks poised for more expansion in Phoenix as it raises its annual capital budget and seeks permits for new fabs.