Trump accuses Taiwan of stealing U.S. chip industry. Here's what the election could bring [MSNBC.com]
Texas Instruments Incorporated (TXN)
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Source: MSNBC.com
Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry.Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Such tariffs would impact the global leader in chip building,Taiwan Semiconductor Manufacturing CompanyNvidiaAppleShares of Taiwan Semiconductor closed down 4.3% on Monday."You know, Taiwan, they stole our chip business ... and they want protection," Trump said during his appearance on the podcast, which was published Saturday.Every hyperscaler working on their own in-house chip, includingAmazonGoogleMicrosoftGiven the broader geopolitical concerns surrounding Taiwan and the risk of a China invasion, pressure has been growing on U.S. companies to build an alternative to Taiwan Semiconductor in the U.S.Intel, which has emerged as a poster child for the CHIPS Act, has faced many ch
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