Reference News Network August 28 report: According to the China Times website on August 28, U.S. Treasury Secretary Scott Bessenet said in an interview with Fox Business News on the 27th that 99% of high-end chips in the world are produced in Taiwan, which is a serious national security risk for the United States, and even the first since the 1973 oil crisis, the Trump administration must "de-risk" the U.S. economy.

According to Fox Business News, Bessenet revealed that there is now a group of officials in the United States who believe that if the Trump administration does not complete the task of de-risking the U.S. economy before leaving office in 2029, it would mean failure. However, he believes the Trump administration will not fail, as Trump, as a businessman, places great importance on solving problems.

Another report from the United Daily News in Taiwan on August 27 stated that U.S. Commerce Secretary Howard Lutnick mentioned TSMC during an interview on the 26th, saying that after becoming secretary, he immediately contacted the chairman of TSMC, Wei Chao-jia, and threatened to reclaim the subsidies from the chip act.

Lutnick spoke to Consumer News and Business Channel, stating that the Biden administration did not handle the chip act properly, and mentioned TSMC, pointing out that TSMC is a $1 trillion company, almost monopolizing the production of semiconductor wafers, while the Biden administration gave TSMC $6.5 billion to invest $65 billion in building a factory in Arizona, which equates to the United States contributing 10% of the cost.

Lutnick said that as soon as he took office, he contacted Wei Chao-jia, expressing that this was unreasonable, and threatened to reclaim the $6.5 billion, saying that this money was equivalent to a gift, and demanded that TSMC offer better conditions so that the United States could benefit from this subsidy.

Lutnick said that TSMC then announced an investment of $100 billion in the United States at the White House, with the total investment amount reaching $165 billion. Lutnick said that companies such as Micron Technology and Texas Instruments have also increased their investments in the United States.

TSMC logo (AFP photo)

Original article: https://www.toutiao.com/article/7543633446539772458/

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