Former President Donald Trump accused Taiwan of stealing the U.S. chip industry on Joe Rogan's podcast and advocated for tariffs on the island nation. Tariffs on Taiwan Semiconductor could disrupt major U.S. tech firms like Amazon and Google, as TSMC produces over 90% of the world's advanced chips. Analysts warn that tariffs and a potential trade war with China under Trump could drive up chip costs and destabilize the semiconductor sector. Taiwan Semiconductor is set to receive nearly $7 billion from the U.S. Commerce Department for its Arizona foundry.
Category
đź—ž
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Former President Donald Trump accused Taiwan of stealing the U.S. chip industry on Joe
00:06Rogan's podcast and advocated for tariffs on the island nation.
00:11Tariffs on Taiwan's semiconductor could disrupt major U.S. tech firms like Amazon
00:15and Google, as TSMC produces over 90% of the world's advanced chips.
00:21Analysts warn that tariffs and a potential trade war with China under Trump could drive
00:24up chip costs and destabilize the semiconductor sector.
00:28Taiwan's semiconductor is set to receive nearly $7 billion from the U.S. Commerce Department
00:32for its Arizona foundry.
00:34For all things money, visit Benzinga.com slash GSTV.