Taiwan’s Economy Minister, Kuo Jyh-huei, expressed that former President Donald Trump misunderstood Taiwan’s role in the semiconductor industry. What Happened: Trump had earlier suggested that Taiwan should compensate the U.S. for defense, accusing the island nation of taking American semiconductor business. This statement led to a significant drop in shares of Taiwan Semiconductor Manufacturing Co Ltd. (NYSE:TSM), the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc. and Nvidia Corp. In response to Trump’s remarks, Kuo, a former senior executive of a TSMC…
