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Trump Says Taiwan 'Stole Chip Business' and Should Pay the US for Protection
The Tech Basic > News > Trump Says Taiwan ‘Stole Chip Business’ and Should Pay the US for Protection
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Trump Says Taiwan ‘Stole Chip Business’ and Should Pay the US for Protection

Evelyn Blake
Last updated: 21 July 2024 16:56
Evelyn Blake
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In an interview with Bloomberg this week, former US President Donald Trump suggested that if he returns to office, he might alter the US relationship with Taiwan.

Trump believes that Taiwan should pay the US for the defense it provides against China, likening the arrangement to a type of insurance policy.

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Additionally, the former president criticized Taiwan, saying it “stole” the United States’ semiconductor business and called the current White House policy on the issue “stupid.”

“I know these people very well and respect them a lot. They took almost 100% of our chip business. I think Taiwan should pay us for its defense,”

Trump said.

Trump also stated that the United States has made a mistake by investing in chip production in Taiwan, as the island has benefited at the expense of American companies.

Trump Says Taiwan 'Stole Chip Business' and Should Pay the US for Protection (1)
Trump: The former president may change US policy towards Taiwan, which could impact the global chip market, as TSMC is the main producer of semiconductors.

Trump’s comments have raised concerns among several tech giants, as Taiwan produces about two-thirds of the world’s most advanced chips (66%), while the US produces only 6%.

Additionally, TSMC has been making rapid progress in producing chips at 3nm, 2nm, and even 1nm, which has increased Chinese interest in the island. In response, Taiwan’s prime minister said that the local government has “done its part” in defense efforts.

During his first term, Trump pressured TSMC to build factories in the US, which had some success. However, despite the new facilities, the most advanced chips still come from Taiwan.

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Evelyn Blake
By Evelyn Blake
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Evelyn Blake is an investor in technology and journalist who has been in the nascent space since 2014. Her love and passion for technological innovations made her delve deeper into the world of technology evolution. As a journalist, Evelyn has been covering latest trends and emerging gadgetries. She is a philanthropist and human rights activist.

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