00:00It's Benzinga bringing Wall Street to Main Street.
00:02Taiwan rejected U.S. suggestions of a 50-50 chip production deal with Vice Premier Sheng-Ling
00:07Shun, clarifying that no such agreement was discussed during tariff talks, according to
00:11Reuters. Taiwan's negotiator said the team never committed to a 50-50 chip split, did not discuss
00:16it in talks, and would not agree to such terms. U.S. Commerce Department and the Trade Representative's
00:21Office did not respond to after-hours requests for comment. Taiwan, home to TSMC, teased to press
00:27for lower tariffs on exports to the U.S., which currently face a 20% duty. TSMC is investing
00:32$165 billion in Arizona factories, but will keep most production in Taiwan. Taiwan pledged
00:38to purchase $10 billion in U.S. agricultural goods over four years, including soybeans,
00:43wheat, corn, and beef. For all things money, visit Benzinga.com.
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