CNBC's Kristina Partsinevelos reports on U.S. Commerce Secretary Howard Lutnick's recent proposal that Taiwan make 50% of the chips U.S. needs locally and Taiwan is reportedly rejecting the idea.

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Taiwan has rejected a U.S. proposal that would require semiconductor manufacturers to produce one chip domestically for every chip imported, a plan put forward by U.S. Commerce Secretary Lutnick. Taiwan's Vice Premier Cheng Lichun, after returning from Washington, clarified that the proposal was not discussed and that Taiwan would not agree to such conditions.

The U.S. plan aims to strengthen domestic chip production and threatens 100% tariffs on companies that do not comply. However, experts note that most chips enter the U.S. embedded in finished products, making enforcement complex and potentially costly. The response from financial markets has been limited, but companies with significant U.S. manufacturing, such as Intel and Texas Instruments, could benefit from any move to increase domestic production.

Taiwan rejects U.S. proposal for ’50-50′ chip production

Well, I would say Taiwan just threw some cold water on the Trump administration's semiconductor ambitions. Why is that? Because Vice Premier Cheng Lichun, Taiwan's tariff negotiator, returned from Washington and pretty much made it clear they never discussed Commerce Secretary Lutnick's 50-50 chip production split and they also would, quote, not agree to such conditions. And this really matters because Secretary Lutnick has been threatening companies with a choice. Manufacture one chip domestically for every chip you import or face 100% tariffs. The math just doesn't seem to work. Why? Because raw semiconductor imports were about $45 billion last year. That's only about 1% of all U.S. imports, according to the Information Technology and Innovation Fund. The vast majority of chips, though, this is where it gets interesting, comes in the country inside Finnish products like iPhones, you know, data centers, servers, laptops, cars. So enforcing this would mean that tracking every single chip in every single device and then calculating domestic content, which would offset across global supply chains across the world. Wedbush estimates that that kind of component-level tariff system could add hundreds of dollars to device costs and really create an administrative nightmare. The market reaction, though, has been muted so far for some of these names, but the stocks to watch are obvious. Texas Instruments, you can see global foundries up almost 2%. Intel having the largest U.S. manufacturing footprint would all benefit from any onshore push. We know this. Even TSMC Arizona fabs are also well-positioned, especially with reports that they're accelerating their 2-nanometer more advanced production timelines to be more in check with what's going on in Taiwan. But Taiwan's, I call it, flat rejection really raises real questions about whether any of this is actually happening. President Trump meets Xi Jinping at the APEC summit just later this month, so this could just be ratcheting up, I guess, dynamics between both countries, you know, as a bargaining chip, guys.

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Taiwan rejects U.S. proposal for ’50-50′ chip production

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