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Taiwan's top tariff negotiator says it would be "impossible" to move 40% of Taiwan's semiconductor capacity to the U.S. Cheng Li-chiun says industry will keep investing at home.
Taiwan's Vice Premier Cheng Li-chiun said moving 40% of semiconductor capacity to the U.S. is impossible.
KEY POINTS
- Cheng clarified that Taiwan's semiconductor industry will continue expanding domestically despite U.S. requests.
- Cheng stated there will be no relocation of Taiwan's science parks but offered to help build U.S. industry clusters.
- Taiwan's semiconductor investment at home will far exceed its overseas investments, including in the United States.
- The U.S. has threatened to raise tariffs on Taiwan to 100% if major relocation does not occur.
COMPANIES
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