Trade and tariff analytics
2026-04-23
13 minute read
7 sources
The CHIPS Act and the Taiwan share that went up, not down
US imports of integrated circuits from Taiwan climbed from 11 percent of the total in 2021 to 28 percent in 2024. Three years into a $52 billion reshoring push, the trade data is pointing the other way. Here is what it actually means.
The CHIPS and Science Act of 2022 committed $52.7 billion to rebuilding US semiconductor manufacturing. Three and a half years in, Commerce has awarded roughly $33 billion of the $36 billion manufacturing pot. Yet US imports of integrated circuits from Taiwan have more than doubled and Taiwan's share of the US HS 8542 import basket has go...