President Trump said in a statement Friday that Taiwan captured the entire semiconductor industry, but his administration is moving manufacturing back to the United States, with a goal of 40–60% of chips produced domestically by the end of his term.
President Trump made the remarks in a statement attributed to him Friday afternoon. He said Taiwan 'literally took 100% of the [semiconductor] business almost' and claimed he is moving production back to the United States. 'They’re all moving back into this country. We’re going to have 40 to 50 to 60% of the chips, I think, by the time or pretty close to the time I leave office,' he said. The statement is the latest in a series of Trump comments on trade and manufacturing, though the exact context and audience were not immediately clear.
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