Taiwan Won’t Agree to 50-50 Chip Split

“Taiwan has sought to ease public fears that its prized chip industry could be hollowed out following US Commerce Secretary Howard Lutnick’s call for semiconductor manufacturing to be evenly divided between the island and the United States,” the South China Morning Post reports.

“Taiwanese Vice-Premier Cheng Li-chun said on Thursday that Taiwan’s negotiating team had never promised Washington to evenly split chip production.”