Donald Trump is facing accusations of charging one of the world’s biggest tech companies a $100 billion “protection fee.” During his White House address earlier this month, Trump surprisingly revealed the billion-dollar deal seeming pretty excited about it. However, the deal is now surrounded by controversies as the former president of Taiwan accused him of charging the fee. If you are someone who wants to know more about the allegation, this article is for you. It brings you everything you need to know about the tech giant paying Trump a $100 billion fee. The following article also includes the statement of the former Taiwanese president.
Tech Giant Pays Trump $100B Fee: What Trump Said About The Deal In His Address?
Trump in a White House address earlier this month happily announced the $100 billion investment from Taiwan Semiconductor Manufacturing Company. He also added that the investment will bring thousands of job opportunities for American citizens especially in Arizona. C.C. Wei, who is the chief executive of TSMC, also accompanied him in the official address. According to Trump’s announcement, the company will build 5 cutting-edge fabrication facilities in the US. TSMC is one of the biggest chip manufacturing companies supplying its products to companies like Apple.
What The Taiwanese Former President Said About The Investment?
Ma Ying-jeou who is the former president of Taiwan in an official statement accused Trump of charging the tech giant $100 billion in exchange for “protection.” He accused the ruling Democratic Progressive Party of selling off TSMC to Trump. He also called this deal a major national security crisis. According to him, this deal between TSMC and Trump will have a major negative impact on the confidence of the Chinese people. Ma also believes this will impact the future geopolitical position of Taiwan.
Why Ma Thinks This Deal Is A Threat?
The former Taiwan president has also accused the current ruling party of bowing down to US requests for investment. He added that the ruling party hopes to have US protection as the country continues to battle for independence externally as well as internally. He also cited Ukraine’s current situation after three years of war with Russia. Ma mentioned the rumors about Trump withdrawing support from Ukraine as well. He expressed his legitimate concerns about Taiwan becoming another Ukraine tomorrow.
Trump’s Previous Statements About Taiwan
The Community Party of China claimed Taiwan as part of its territory long ago. It also vowed to take control of the island. Beijing has also reportedly increased military activities in waters near Taiwan. The island country has heavily relied on military and political support from the US to protect its sovereignty. However, Trump’s previous statements suggest it might not receive the support it needs. He alleged Taiwan of stealing the semiconductor industry. Trump also called on the country to “pay” for the protection it receives from the US.
