Taiwan is set to announce a new wave of investment in the United States, good news for US chip plants but a sign of pressure on Taiwanese companies to move production abroad.

• US Commerce Secretary Howard Lutnick said Taiwan will unveil $20–30 billion in new US investment next week, part of an earlier trade deal.
• The Trump administration is preparing new tariffs on imported chips, with exemptions for companies that build in the US.
• The same carrot-and-stick approach is already used on drugmakers: make it here, pay less tariff.
• Global companies have now pledged around $1.2 trillion for US chip manufacturing.
• Taiwan's economy ministry says local firms have already committed $55 billion to US projects this year, up sharply in just a few months.

Outlook: Expect the formal Taiwanese announcement within days, followed by more detail on how the chip tariff exemptions will work.