The US is pressuring Taiwan to rapidly move enough chip manufacturing to the US to cover 50% of US needs, if it wants ensured protection against a threatened invasion by China, media report. US Commerce Sec. Lutnick said Taiwan currently makes 95% of chips used in smartphones and cars, as well as critical military defense technology, a situation transformed into a national security nightmare by China, which is not shy about threats to take Taiwan. $Taiwan Semiconductor(TSM.US) $United Microelectronics(UMC.US) $Advanced Semiconductor Engineering(ASX.US) #semiconductors #semiconductor
Source: Dan Nystedt
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