00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump said he thinks Taiwan should pay the U.S. for its defense, claiming that
00:06Taiwan doesn't give us anything.
00:08Trump appeared to link this to Taiwan's semiconductor industry, saying Taiwan took about 100% of
00:13America's chip business with companies like Taiwan Semiconductor Manufacturing Company.
00:18TSMC is the world's largest chip maker and produces chips for major U.S. tech companies
00:22like Apple and NVIDIA.
00:24The U.S. was once a major chip manufacturer, but Taiwan now produces about 66% of the world's
00:30most advanced chips.
00:31Shares of TSMC fell 2% on the Taiwan Stock Exchange following Trump's comments.
00:36For all things money, visit Benzinga.com.
