Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall

Former US President Donald Trump suggested that Taiwan should pay for defense, stating that the country does not offer anything in return. He made these comments during an interview when asked about defending Taiwan against China. Trump also mentioned Taiwan’s semiconductor industry, which he claimed has taken a significant portion of America’s chip business. Taiwan is a major player in semiconductor manufacturing, accounting for a majority of the world’s advanced chip production. The Biden administration has been working to bring chip manufacturing back to the US.