A top Taiwanese trade negotiator has signaled that the government plans to keep much of its semiconductor production on the island, after U.S. Commerce Secretary Howard Lutnick floated the idea of a 50-50 split of chip manufacturing with Washington.
Upon arriving in Taiwan in the early hours of Oct. 1, Vice Premier Cheng Li-chiun told reporters that the latest round of trade negotiations with American officials centered on tariffs and did not touch on Lutnick’s proposal about splitting chip production with the United States.
“I want to clarify to Taiwanese people that this is the idea of the U.S. side. Our negotiating team has never made any commitment to a 50-50 split on chips,” Cheng told reporters at Taiwan’s Taoyuan International Airport….