Commerce Secretary Howard Lutnick said Saturday that a major semiconductor deal with Taiwan is coming “pretty soon,” signaling a potential breakthrough in U.S. efforts to shore up domestic chip production and reduce reliance on a single, geopolitically vulnerable supplier. The comment came during an interview with NewsNation, where he also set an ambitious target of increasing U.S. chip production to 40% of national needs before he leaves office.
Speaking about “... countries that need to react correctly to America,” in reference to U.S. trade policy, Lutnick said, “You still have Taiwan. That’s a big one that’s coming, I think, pretty soon. I expect to really be talking to them and sorting that out.”
