Taiwan rejects Trump's demand to shift 50% of chip manufacturing into US
12 hours ago
- #Taiwan-US relations
- #Trade tariffs
- #Semiconductor industry
- Taiwan denies plans to move half its chip production to the US, refuting claims made by US Commerce Secretary Howard Lutnick.
- Trade talks between Taiwan and the US focus on concessions related to the Section 232 investigation, not chip production relocation.
- Taiwan produces about 95% of chips used in popular tech products, with over 70% of its exports to the US being semiconductor-related.
- The Trump administration has delayed concluding the semiconductor investigation, keeping tech firms uncertain about potential tariffs.
- US tech firms are stockpiling products to mitigate higher import costs and are monitoring rumors about upcoming chip tariffs.
- Uncertainty remains about how tariffs would apply to products containing multiple chips or critical minerals also subject to tariffs.