Taiwan Rejects U.S. Plan for 50% Semiconductor Production
Taiwan has no plans to agree to a proposal that would see it manufacture 50 percent of its semiconductors in the United States, according to recent statements from Taiwanese officials. This comes amidst ongoing negotiations regarding tariffs between the two nations.
In June 2021, Taiwanese Minister without Portfolio John Deng visited Washington to discuss tariffs with U.S. officials. However, these talks have been complicated by a temporary 20 percent levy on Taiwanese exports, which has raised concerns among Taiwanese manufacturers.
Taiwan's Vice Premier Cheng Li-chiun has since clarified that the 50-50 semiconductor commitment was not part of these negotiations and will not be agreed to. This is significant as more than 70 percent of Taiwan's exports to the U.S. are information and communications technology products, including semiconductors.
Taiwan's refusal to commit to the 50-50 semiconductor production deal highlights the complexity of the ongoing tariff negotiations with the United States. Despite the challenges, both sides continue to engage in discussions to reach a mutually beneficial agreement.
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