Donald Trump said he thinks Taiwan should pay the U.S. for its defense, claiming that Taiwan "doesn't give us anything." Trump appeared to link this to Taiwan's semiconductor industry, saying Taiwan took "about 100%" of America's chip business with companies like TSMC. TSMC is the world's largest chipmaker and produces chips for major U.S. tech companies like Apple and Nvidia. The U.S. was once a major chip manufacturer but Taiwan now produces about 66% of the world's most advanced chips. Shares of TSMC fell 2% on the Taiwan stock exchange following Trump's comments.
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00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump said he thinks Taiwan should pay the U.S. for its defense, claiming that
00:06Taiwan doesn't give us anything.
00:08Trump appeared to link this to Taiwan's semiconductor industry, saying Taiwan took about 100% of
00:13America's chip business with companies like Taiwan Semiconductor Manufacturing Company.
00:18TSMC is the world's largest chip maker and produces chips for major U.S. tech companies
00:22like Apple and NVIDIA.
00:24The U.S. was once a major chip manufacturer, but Taiwan now produces about 66% of the world's
00:30most advanced chips.
00:31Shares of TSMC fell 2% on the Taiwan Stock Exchange following Trump's comments.
00:36For all things money, visit Benzinga.com.