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International Business Times
International Business Times
World

Taiwan Says 'Will Not Agree' To Making 50% Of Its Chips In US

Taiwan United States Donald Trump The United States Howard Lutnick Taipei Washington D.C. Semiconductor
Taiwan produces more than half of the world's semiconductor chips and nearly all of the high-end ones (Credit: AFP)

Taiwan "will not agree" to making 50 percent of its semiconductors in the United States, the island's lead tariff negotiator said Wednesday, as Washington pressures Taipei to produce more chips on US soil.

Vice Premier Cheng Li-chiun's remarks came after US Secretary of Commerce Howard Lutnick said he had proposed to Taiwan a 50-50 split in chip production.

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