Big Tech
Taiwan Must Help US to Make Half Its Chips, Commerce Chief Says
US officials have for years warned about an over-dependence on Taiwan Semiconductor Manufacturing Co. and its giant ecosystem of suppliers.
Photographer: An Rong Xu/BloombergWashington 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.