Taiwan chip deal is worth a total of $500 billion, US Commerce Secretary Lutnick says

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

WASHINGTON, ‌Jan 15 (Reuters) - ‌Under the terms ‌of a new U.S. trade ‍deal with ‍Taiwan, ‌companies from Taiwan will ‍invest $250 ​billion ⁠and the island's government will ‌invest another $250 ⁠billion ‍to expand semiconductor ‍manufacturing in the ‌United States, Commerce Secretary Howard Lutnick told CNBC on Thursday.

(Reporting by ‌David Lawder, writing by ​David Ljunggren, editing by Chris Reese)