ANKARA  

Taiwan on Wednesday rejected reports that it had agreed to making 50% of its semiconductors in the US, the Central News Agency reported.

After returning from Washington, Vice Premier Cheng Li-jung said their negotiation team had never made a 50-50 commitment to split chips, the issue was not discussed this time and such conditions would not be agreed to.

"I think this is the US's idea. Our negotiation team has never made a 50-50 chip split commitment. Please rest assured that we did not discuss this issue this time, and we will not agree to such conditions. Please rest assured," she said.

Her remarks came after US Secretary of Commerce Howard Lutnick said he had proposed to Taiwan a 50-50 split in chip production.

Cheng added that when the two sides reach a complete consensus on reciprocal tariffs and supply chain cooperation, they will enter a summary meeting to reach a trade agreement.

Taiwan's exports to the US are currently subject to a 20% tariff.

Taiwan produces more than half of the world's semiconductors, and most of its exports to the US are information and communications technology, which includes chips.