Watch: inside the world's most advanced chip factory

The development marks a significant moment for markets and policymakers alike, with analysts saying the effects could ripple across industries for months to come.

Officials familiar with the matter said discussions had been under way for several weeks, though key details were only finalised in recent days.

Experts cautioned that while the immediate reaction has been positive, longer-term outcomes will depend on execution and on how competitors and regulators respond.

For readers, the practical impact may be felt first in prices, services and the pace of new products reaching the market.

Coconut News will continue to update this story as more information becomes available.