Taiwan Must Help US to Make Half Its Chips, Commerce Chief Says

Washington is demanding Taiwan move investment and chip production to the US so half of American demand is manufactured locally, outlining a radical shift for the global semiconductor industry.

The US has held discussions about that with Taipei to reduce the risks of over-reliance, Commerce Secretary Howard Lutnick said in an interview with NewsNation. It was the only way to effectively counter Beijing’s threats to invade a self-ruled island it views as its own, Lutnick argued.

“That’s been the conversation we had with Taiwan, that you have to understand it’s vital for you to have us produce 50%,” he said. ...