In a bowl, combine hoisin, soy sauce, garlic, rice vinegar, chicken broth and 2 teaspoons of olive oil or vegetable oil. Set aside.
Set the Instant Pot to sauté and add the rest of the oil.
Once the olive oil or vegetable oil is hot, add the chicken and spices. Stir to coat the chicken with the spices. Cook the chicken for 3 minutes to brown the outside.
Add the sauce and ⅓ cup of water to the seasoned Chicken pieces.
Close the Instant Pot lid and turn the pressure valve to sealing. Set to pressure cook on high pressure for 5 minutes.
While the cashew chicken cooks, chop the broccoli and peppers into bite-size pieces. Remove the seeds from the peppers.
Release the pressure via quick release and remove the Instant Pot lid. Remove the chicken from the sauce to let it rest and prevent the chicken from breaking apart.
Add the cashews, broccoli, and peppers to the sauce in the Instant Pot and let the vegetables cook on Saute mode for 4 minutes.
Stir the chicken into the sauce and serve on rice.
Notes
There is some debate about whether you should use raw cashews or roasted cashews in a Springfield cashew chicken recipe. Some people argue that the flavor and texture of raw cashews work best in this dish, while others say that roasted cashews have a more intense flavor that enhances the taste of the sauce. This healthy cashew chicken recipe uses roasted cashews and they give the dish a great burst of flavor.