Howard Lutnick

“When I walked into this department, the United States of America had 2 percent of the market. We were producing 2 percent of the chips we need. And my objective when I leave is 40 percent. [Reaching roughly 40% domestic semiconductor production by the end of President Trump's current term, which would take north of $500 billion in local investment.]”

Howard LutnickPolicymaker

U.S. Secretary of Commerce

Resolves at the end of Trump's term (January 2029) on the share of U.S.-consumed chips produced domestically; analysts including AEI's Derek Scissors immediately called the goal unachievable in that window.

“The objective is to bring 40% of Taiwan's entire chip supply chain and production to the United States within President Trump's current term — under a deal in which Taiwanese chip and tech companies invest at least $250 billion in U.S. capacity, with another $250 billion in government-guaranteed credit: "That's what they get if they don't build in America, the tariff's likely to be 100%."”

Howard LutnickPolicymaker

U.S. Secretary of Commerce

Taiwan's Vice Premier Cheng Li-chiun publicly called the 40% relocation target "impossible" in February 2026, and analysts broadly agree; resolves by the end of Trump's term.