Taiwan has disagreed over the 50 per cent stake agreement with the US regarding chip production. This announcement was made after Taiwan’s top tariff negotiator returned home on Wednesday. US Commerce Secretary Howard Lanik suggested that there should be a 50-50 division in chip construction, most of which is currently made in Taiwan. Taiwan’s Deputy Criminal Cheng Lee-Chrun has made it clear that his team neither discussed nor agreed on any such condition.
US Commerce Secretary Howard Lutnik told the US Television Network News Nation in the weekend that Washington’s proposal would be a 50-50 partition in making chip.
Taiwan’s Deputy Criminal Cheng Lee-Chrun told reporters on returning to the country that he did not discuss the 50-50 idea suggested by the US during the talks. He also said that his team would not agree on such conditions.
TSMC expected investment and tariff exemption
Taiwan is the world’s largest contract chipmaker TSMC hub. TSMC is moving rapidly due to the strong demand of Artificial Intelligence Applications. TSMC is currently investing $ 165 billion to build a chip factory in the US Arizona State.
However, most of the company’s production will remain in Taiwan. The Taiwan government had hoped last month that after achieving ‘some progress’ in the tariff talks, the US would get more favorable tariff rates.
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Agricultural procurement and diplomatic meeting …
Taiwan’s Prime Minister Cho Jung-Tai said in Taipei on Tuesday in Parliament that Cheng had talked with the US several times on tariff issues. Cheng said at the airport that there has been a detailed discussion, which has made some progress. Meanwhile, Taiwan President Lai Ching-Te late on Tuesday night, Under Secretary for Secretary for Trade and Foreign Agricultural Affairs Luke J. Met Lindberg. Lai said that Taiwan’s Agricultural Delegation, who visited the US in September, has planned to buy $ 10 billion US agricultural goods in the next four years, including soybeans, wheat, maize and beef.
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