Caroline Hyde

Historically, TSMC has done all of its important manufacturing in Taiwan.

It's easier.

It's a very contained location where their engineers can share intelligence across the country, across the island.

And now they're trying to also build in the United States, and they're building more and more fabs.

So right now, the U.S.

and Taiwanese officials are talking about a trade deal that would lower some of the tariffs for Taiwanese goods going into the United States.

As part of that deal, we understand that TSMC will probably step up its investments in the United States.

They're talking about adding four or five fabs on top of the existing ones that they already plan to build.

So TSMC has said we don't want to do our most cutting-edge chips in the United States, but they are increasing capacity there.

That'll be part of this deal we anticipate that could come out publicly over the next week or so.

Bloomberg's Peter Elstrom, thanks so much for the breakdown.

Let's turn our attention to New York City Mayor now, Zoran Mamdani.

He's keeping his promise on focusing on better working conditions and pay for food delivery drivers.

Now, the city is accusing DoorDash and Uber of depriving workers of more than $550 million in tips.

due to changes in their apps.

But NYC is even looking to shut down a company called Motoclick, a behind-the-scenes delivery tech company that works with these big platforms, accusing it of breaking local worker protection laws.

Remax Miles Miller has the latest.

And Motoclick is the focus for you.

What's it been up to?

Yeah.