Breaking news: White House and Commerce Department unveiling historic trade agreement with Taiwan.

Taiwan semiconductor and tech companies will make new direct investments of at least $250 billion; Taiwan will provide credit guarantees of at least $250 billion.

US and Taiwan will establish world-class industrial parks in the US to strengthen it as the global center for next-gen semiconductor and AI tech.

Reciprocal tariff rate on Taiwanese goods cut to no more than 15% from 20%; Section 232 tariffs on auto parts, lumber, wood products capped at 15%; 0% tariff on generic drugs and some aircraft components.

Likely that TSMC will add up to five new fabrication plants to its Arizona facility, potentially bringing total to eight.

Waiting for Commerce Secretary Howard Lutnick to join live and exclusively talk more about this.