New Delhi, Feb. 10 -- Taiwan has told the US that its plan of relocating nearly 40% of its semiconductor supply chain to America is "impossible", CNBC reported.
Taipei's top tariff trade negotiator, Vice Premier Cheng Li-chiun, made these remarks in a local television broadcast on Sunday, adding that she had made it clear to Washington that Taiwan's semiconductor ecosystem, built over decades, could not simply be relocated.
She added that Taiwan's international expansion, including investments in the US, is based on the understanding that the semiconductor industry will remain rooted in Taiwan and continue to expand domestically.
Her remarks were in response to onshoring goals laid out by US Commerce Secretary Howard Lutnick, who told ...
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