financetom
Technology
financetom
/
Technology
/
China says Taiwan seeks to give away chip industry to US
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China says Taiwan seeks to give away chip industry to US
Feb 26, 2025 4:22 PM

BEIJING, Feb 26 (Reuters) - China said on Wednesday that

Taiwan was seeking to give away the island's semiconductor

industry to the United States as a "souvenir" and leverage it to

seek political support from Washington.

U.S. media have said Taiwan Semiconductor Manufacturing Co ( TSM )

, the world's largest contract chipmaker and a major

supplier to companies such as Apple ( AAPL ) and Nvidia ( NVDA )

, has been in talks for a stake in Intel ( INTC ).

Neither TSMC nor Intel ( INTC ) has confirmed the reports and

Taiwan's government says it has not received information about

any overseas investment application from TSMC.

U.S. President Donald Trump has criticised Taiwan for taking

away American semiconductor business, saying he wants the

industry to manufacture more in the United States.

Speaking at a regular news conference in Beijing, Zhu

Fenglian, spokesperson for China's Taiwan Affairs Office, said,

without offering evidence, that people in Taiwan were concerned

TSMC could become "United States Semiconductor Manufacturing

Co".

"In order to seek selfish gain, the Democratic Progressive

Party authorities have freely made demands from external forces,

using Taiwan's semiconductor industry and powerful companies to

get a foot in the door to relying on foreign countries to seek

independence, and even give them away as souvenirs," Zhu said,

referring to Taiwan's ruling party.

While China claims democratically governed Taiwan as its own

territory, despite the strong objections of the government in

Taipei, Beijing has no say in foreign investment approval

decisions by Taipei.

Zhu said Taiwan was trying to "sell out" Taiwanese

companies.

"This sort of shameless selling out of Taiwan is in

actuality pandering to the United States," she said.

Taiwan's Mainland Affairs Council said in a statement that

TSMC was an "important Taiwanese company".

"In response to the challenges posed by Trump's new policies

towards our semiconductor industry and TSMC, our government will

work closely with industry to maintain Taiwan's leading position

in the field of advanced technology," it said, without

elaborating.

TSMC declined to comment.

The United States is Taiwan's most important international

backer and arms supplier, though it does not formally recognise

the island's government.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Evening update for Bitcoin (BTCUSD) -10-07-2025
Evening update for Bitcoin (BTCUSD) -10-07-2025
Jul 10, 2025
The (BTCUSD) rose in the last intraday levels, to reach our morning target at $112,400, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the emergence of the positive signals on the (RSI), despite reaching overbought levels. ...
Evening update for Gold -10-07-2025
Evening update for Gold -10-07-2025
Jul 10, 2025
The (Gold) declined in its last intraday trading, due to testing a bearish correctional trend line on the short-term basis, with the beginning of forming a negative divergence on the (RSI), after reaching overbought levels, with the beginning of the negative signals on them, which makes the price return to decline and trades below its EMA50, confirming ending the positive...
Cloud computing firm E2open beats Q1 revenue, adjusted EPS estimates
Cloud computing firm E2open beats Q1 revenue, adjusted EPS estimates
Jul 10, 2025
Overview * E2open fiscal Q1 2026 revenue of $152.6 mln beats analyst expectations, per LSEG data * Adjusted EPS for fiscal Q1 2026 was $0.05, exceeding analyst estimates, per LSEG data * The anticipated acquisition by WiseTech Global positions E2open for further growth, expected to close by year-end Outlook * Company expects fiscal 2026 GAAP subscription revenue of $525 mln...
Evening update for crude oil -10-07-2025
Evening update for crude oil -10-07-2025
Jul 10, 2025
The (crude oil) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), to lean on the support of the EMA50, in attempt to look for a higher low to take it as a base that assisted it to recover and rise again, amid the dominance of the main bullish trend and its trading...
Copyright 2023-2025 - www.financetom.com All Rights Reserved