US Commerce Head Proposes 50/50 Chip Production Split With Taiwan

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By Andy Hsueh/Fuhua Hung/Chris Gorin

US Commerce Secretary Howard Lutnick told a televised interview that he pitched a proposal for a 50/50 split in chip production between the US and Taiwan as part of US-Taiwan trade talks. Lutnick framed the idea as a national security measure, saying the US needs domestic capacity for critical chips.