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Benzinga
Benzinga
Business
Erica Kollmann

Trump And Lutnick Demand: Half Of America's Chips Must Be Made At Home—Or Else

United States Donald Trump America Howard Lutnick Commerce Semiconductor TSMC Intel Corporation Taiwan
Chips, semiconductor shutterstock_2198551397

President Donald Trump and Commerce Secretary Howard Lutnick have placed a bold demand on the global semiconductor industry: half of all chips used in America must be manufactured in America. 

Additionally, Taiwan, through Taiwan Semiconductor Manufacturing Co. (NYSE:TSMC), needs to relocate a significant portion of its advanced production to U.S. soil or risk losing American defense guarantees. 

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