Trump threatens the Taiwanese chip giant TSMC with penalty taxes of up to 100 percent. The reason: he wants to bring semiconductor production to the USA. TSMC is already investing billions in Arizona – but that is obviously not enough for Trump.
Trump threatens TSMC with a 100 percent criminal offense
US President Donald Trump has threatened the world’s largest contract manufacturer for semiconductors, Taiwan Semiconductor Manufacturing Company (TSMC), with a massive penalty tax.
At an event of the Republican National Congressional Committee, Trump said that he had informed the company that it would have to pay for taxes of “25, maybe 50, maybe 75, if it did not build its production facilities in the United States. At the same time, Trump sharply criticized his predecessor Biden to award a $ 6.6 billion grant (around six billion euros) to the US subsidiary of TSMC for semiconductor production in Phoenix, Arizona. “These chip companies are stinky.
They give these companies billions of dollars so that they build a factory in the United States,” said Trump with regard to the funding, which was decided by both parties as part of the Chips Act. TSMC threatened: “If you don’t build your factory here, you will have to pay a high tax.” How Reuters reports, however, TSMC plans to significantly expand its presence in the United States.
In March, the company in the White House announced a fresh investment of $ 100 billion, which includes the construction of five additional chip systems in the coming years. This investment is made in addition to the $ 65 billion announced in April 2024 (around 59.31 billion euros). The first TSMC factory in Phoenix initially had to struggle with construction delays, but has been producing chips since last year.
Taiwan hopes for quick agreement
The Taiwanese government was already responding to the situation. A high -ranking Taiwanese officer said on Wednesday that Taiwan hopes for a quick agreement with the USA to join the customs dispute. Washington was already contacted last weekend to talk about the topic.
Taiwan has reacted to the 32 percent customs imposed by Trump with the offer of zero töllen, more investments in the USA and increased purchases from the United States. According to Tsai Ming-Yen, director of the Taiwanese National Security Bureau, President Lai Ching-Te has instructed civil servants to initiate “strategic communication” between Taiwan and the USA.
Print grows
Although the recently announced mutual tariffs announced by Trump on more than 180 countries, Minister of Commerce Howard Lutnick indicated that Trump continues to think about how he could bring the chip production back to the United States. “Donald Trump will take a closer look at this. And they will come later how to move the entire semiconductor production back from Taiwan,” said Lutnick.
Digital marketing enthusiast and industry professional in Digital technologies, Technology News, Mobile phones, software, gadgets with vast experience in the tech industry, I have a keen interest in technology, News breaking.