Taiwan has firmly rejected a reported U.S. proposal to divide global semiconductor production equally between the two countries. The island’s Vice Premier and chief tariff negotiator, Cheng Li-chiun, stated on Wednesday that no such agreement had been discussed or accepted during recent trade talks with Washington. The comments followed remarks by U.S. Commerce Secretary Howard Lutnick, who claimed that the United States sought a 50-50 chip production split with Taiwan.
Cheng clarified upon her return to Taipei that Taiwan’s negotiating team had never entertained such a condition. “Our negotiating team has never made any commitment to a 50-50 split on chips. Rest assured, we did not discuss this issue during this round of talks, nor would we agree to such conditions,” she emphasized, according to Taiwan’s Central News Agency.
Taiwan, home to the world’s largest contract chipmaker, TSMC, currently produces the majority of advanced semiconductors that power everything from smartphones to artificial intelligence systems. While TSMC is investing $165 billion to expand chip manufacturing in Arizona, the bulk of its production will remain in Taiwan. The island also maintains a large trade surplus with the United States, with its exports facing a 20% tariff.
Taiwanese officials are pushing for more favorable tariff terms, with Premier Cho Jung-tai confirming in parliament that “critical substantive consultations” with Washington are ongoing. Cheng added that the latest round of discussions yielded “certain progress,” though no final deal has been reached.
Separately, Taiwan’s presidential office confirmed that President Lai Ching-te met with Luke J. Lindberg, U.S. Under Secretary for Trade and Foreign Agricultural Affairs. During the meeting, Taiwan pledged to purchase $10 billion worth of U.S. agricultural goods over the next four years, including soybeans, wheat, corn, and beef.
The negotiations highlight Taiwan’s dual strategy of protecting its semiconductor dominance while strengthening trade relations with the United States.


European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow
UN Says Hamas Disrupted Gaza Aid Distribution, Group Denies Allegations
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast
EU to Propose New Rules Limiting Children's Access to Social Media
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan
UK Sanctions 24 Russian-Linked Targets Over Cyberattacks and Election Interference
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth
Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion
Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions
Iranian Missile Strike on UAE Oil Tankers Kills Indian Crew Member in Strait of Hormuz 



