U.S. President Donald Trump announced on Tuesday that he warned Taiwan Semiconductor Manufacturing Company (TSMC) that it would incur a tax penalty of up to 100% if it fails to build its new factories in the United States.
“TSMC, I gave them no money … all I did was say, if you don't build your plant here, you're going to pay a big tax,” Trump said during his remarks. TSMC declined to comment on his statement.
In March, TSMC, the world's largest contract chipmaker, announced plans to invest an additional $100 billion in the United States, which would include the construction of five new chip facilities over the coming years. This move is seen as a significant boost for domestic semiconductor production.
Earlier on Tuesday, Reuters reported that TSMC could be facing a penalty exceeding $1 billion as part of a U.S. export control investigation. The probe centers on a chip produced by TSMC that was later incorporated into an AI processor used by Huawei Technologies.
Trump’s remarks underscore his administration’s broader strategy to incentivize U.S. manufacturing and reduce reliance on foreign production amid escalating trade tensions and concerns over national security. The criticism of previous administrations and strong stance on domestic industry highlight the current U.S. policy to ensure that key technology sectors remain under American control.
Azerbaijan and Poland discussed closer cooperation in digital tax reforms and innovation during a high-level meeting held on the sidelines of the IOTA General Assembly in Baku.
Norway is set to introduce a new tourist tax to address the challenges posed by record-breaking visitor numbers and overtourism in popular areas.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
Uzbekistan has proposed a new law requiring bloggers and influencers with over 10,000 followers to pay taxes and follow strict rules on content verification, moderation, and advertising. The draft aims to regulate growing online influence amid rapid internet use growth in the country.
In a stern warning to the automaker, the Indian government told a Mumbai court that quashing Volkswagen's demand to cancel a $1.4 billion tax bill would have "catastrophic consequences" and could encourage companies to withhold information and delay inquiries.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
Kazakhstan's e-commerce sector has soared to 3.2 trillion tenge (around 6.2 billion U.S. dollars) in 2024, marking a sevenfold increase since 2020, according to Deputy Prime Minister Serik Jumanğarin.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The World Bank has approved over $1 billion in new funding to support rebuilding efforts and infrastructure development in Iraq, Syria, and Lebanon.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
Rafael Mariano Grossi, head of the International Atomic Energy Agency (IAEA), said Iran’s cooperation with the agency is not optional but a legal requirement.
A Japanese space company has blamed a malfunctioning laser range finder for the crash of its moon lander earlier this month, marking the second failed lunar landing attempt for ispace in just over two years.
U.S. President Donald Trump has demanded that Israeli Prime Minister Benjamin Netanyahu’s corruption trial be cancelled, calling the case a “witch hunt” and suggesting Netanyahu should be pardoned.
The fragile ceasefire between Iran and Israel held for a second day on Wednesday, as U.S. President Donald Trump confirmed that American and Iranian officials are expected to engage in talks next week—marking a possible diplomatic shift after nearly two weeks of regional warfare.
Chinese Foreign Minister Wang Yi on Wednesday called on the European Union to strengthen trust and cooperation with China, saying the two sides should focus on mutual success rather than rivalry.
Kazakhstan's e-commerce sector has soared to 3.2 trillion tenge (around 6.2 billion U.S. dollars) in 2024, marking a sevenfold increase since 2020, according to Deputy Prime Minister Serik Jumanğarin.
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