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.
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One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
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The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukrainian President Volodymyr Zelenskyy said on Monday that Ukraine is ready to respect the energy ceasefire announced by U.S. President Donald Trump, but only if Russia does the same, saying Moscow has already violated the agreement.
China has announced sanctions against Belize’s foreign minister and Paraguay’s communications minister over their countries’ diplomatic ties with Taiwan. The move comes as Beijing continues to pressure the few remaining nations that maintain formal diplomatic relations with Taipei.
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