Taiwan’s trade negotiator confirms it will not agree to US semiconductor split deal

Taiwan Vice Premier Cheng Li-Chun said on Wednesday that Taiwan will not agree to a half-trade of all semiconductor production taking place in the ￰0￱ responded to ￰1￱ of Commerce Howard Lutnick’s remarks over the weekend, stating that Washington’s pitch to Taiwan would involve a 50-50 split in chip production. Cheng, Taiwan’s lead tariff negotiator with Washington, told reporters upon returning to the country that she had not discussed the 50-50 idea suggested by the ￰2￱ the ￰3￱ also maintained that the negotiating team would never agree to such ￰4￱ for 40% semiconductor market share Taiwan is still working to finalize a tariff deal with the U.

S., following President Donald Trump’s imposition of a temporary 20% tariff on the ￰5￱ has also threatened to impose additional levies on semiconductors coming into the ￰6￱ acknowledged that there was some progress in negotiations over ￰7￱ on Taiwanese ￰8￱ previously reported that Lutnick, over the weekend, said having half of Taiwan’s chip production in the ￰9￱ ensure the ￰10￱ much-needed ￰11￱ added that the conversations Washington has had with Taiwan have maintained that it’s vital for the island to have the ￰12￱ 50% of semiconductor chips. “Our goal is to get to 40% market share, and maybe 50% market share, of producing the chips and the wafers, you know, the semiconductor we need for American consumption, that’s our objective.” – Howard Lutnick , United States Secretary of ￰13￱ said she hopes for more comprehensive talks on special considerations under Section 232, a ￰14￱ that allows tariffs on imports deemed a national security ￰15￱ had previously accused Taiwan of stealing the ￰16￱ ￰17￱ cabinet stated in a press release that more than 70% of Taiwan’s exports to the ￰18￱ in the information and communications technology sector, including ￰19￱ growing demand for AI-related technology has fueled Taiwan’s trade surplus with the U.

S., as the island is home to the world’s largest contract chipmaker, ￰20￱ Semiconductor Manufacturing ￰21￱ planning to invest $165 billion to establish chip factories in the U. S., but will still maintain a bulk of its production in ￰22￱ island produces more than half of the world’s semiconductors, while the ￰23￱ produces less than 10% of the global chip ￰24￱ invested approximately $30 billion in capital projects in 2024 and plans to spend about $40 billion this ￰25￱ threatens to impose additional tariffs on chipmakers The Wall Street Journal reported last week that the Trump administration threatened to add a tariff on chipmakers unless they match the volume of semiconductors that their customers currently import from overseas providers through domestic ￰26￱ has offered exemptions from tariffs of roughly 100% on chips to companies that produce semiconductors ￰27￱ to the report, Trump is allegedly planning to impose levies for companies that fail to sustain a 1:1 domestic-to-import ratio over ￰28￱ also championed the idea, telling semiconductor executives that it might be necessary for economic ￰29￱ House spokesperson Kush Desai argued that the ￰30￱ be reliant on imports for the semiconductor products that are necessary for the country’s national and economic ￰31￱ report also highlighted that companies committing to produce chips in the ￰32￱ the proposal would receive credit for that pledged ￰33￱ Belton, portfolio manager at Gabeli Funds, which holds shares in GlobalFoundries and Intel, believes the 1:1 rule would be very difficult to implement and would likely take many years to ￰34￱ also argued that the proposal would benefit firms that already have ￰35￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.