Taiwan Refutes Trump's Claims on Semiconductor Industry

Economy Minister clarifies that Taiwan complements, not competes with, U.S. chip manufacturing.

Trump's comments have unsettled Taiwan, impacting TSMC's stock prices.
Economy Minister Kuo Jyh-huei attributes Trump's misunderstanding to misinformation.
Taiwan's TSMC is investing $65 billion in new U.S. factories, supporting the Biden administration's chip strategy.
The U.S. Chips and Science Act aims to boost domestic semiconductor production with $52.7 billion in subsidies.
Taiwan's government denies claims of taking over the U.S. chip industry and emphasizes their collaborative role.