Federal, state and local officials held a groundbreaking ceremony Friday for Micron's $100 billion semiconductor chip fabrication plant near Syracuse.

Washington — The U.S. and Taiwan have agreed to a deal that would lower tariffs on goods from Taiwan to no more than 15%, and boost Taiwanese semiconductor companies' financing for U.S. operations by half a trillion dollars, the Trump administration announced Thursday.

The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry.

Party General Secretary To Lam and Prime Minister Pham Minh Chinh on January 16 attended the ground-breaking ceremony of Vietnam’s first semiconductor chip manufacturing plant.

Companies that provide picks and shovels for the artificial-intelligence boom jumped after record earnings from Taiwan Semiconductor Manufacturing Co. suggested that the AI rally still has room to run.

TSMC makes the most advanced semiconductors in the world. They are the tiny electronic “brains” that power most modern electronics.

The U.S. signed a trade deal with Taiwan to revitalize its semiconductor sector through investment, credit guarantees and trade incentives.

SMH has soared 57.1% over the past year. The fund charges 35 basis points (bps) as fees. It traded at a volume of 9.94 million shares in the last trading session. This fund sports a Zacks ETF Rank #1 (Strong Buy).

Vietnam's military-run telecom company Viettel on Friday began construction of the country's first semiconductor fabrication plant, with trial production expected to start by late 2027, part of Vietnam's plan to create its own semiconductor manufacturing ecosystem.