Foreign media: Taiwan refuses US request to move half of chip production capacity to the US!
Bloomberg reports that Taiwan has rejected the US' request for US production to cover 50% of US chip demand, highlighting the complex contradictions in bilateral trade negotiations.
Taiwan stated on Wednesday that the US proposed the idea of producing 50% of the required semiconductors in the US, but Taiwan never made such a commitment. Taiwan hopes to focus on concessions related to the Section 232 investigation, which has recently expanded to cover more products.
US Commerce Secretary Rutherford said in an interview with NewsNation this week that the US and Taipei have discussed this proposal, aiming to reduce the risk of over-reliance on overseas chip manufacturing.
For years, US officials have warned about the reliance on TSMC and its vast supply chain. The chip shortage during the pandemic particularly highlighted the importance of semiconductors for industries such as automobiles, defense, and artificial intelligence.
The Executive Yuan of Taiwan stated on Wednesday that in-depth discussions with Rutherford and the US team led by Grier have "made some progress."
The statement added that over 70% of Taiwan's exports to the US are related to semiconductors and are affected by the investigation.
The negotiations can only end after both sides reach consensus on reciprocal tariffs, Section 232 measures, and supply chain cooperation.
In July this year, the US imposed a 20% reciprocal tariff on imports from Taiwan, higher than regional competitors such as Japan and South Korea, but semiconductor-related goods were exempted, as they are still under review under the Section 232 provisions.
Original article: www.toutiao.com/article/1844816961360003/
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