China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a "souvenir". U.S. media have said Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a major supplier to companies such as Apple and Nvidia,

China accuses Taiwan of offering its semiconductor industry to the US as a political tool, sparking tensions. Reports suggest Taiwan Semiconductor Manufacturing Co (TSMC) is in talks with Intel, but no confirmations have been made.

China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a "souvenir" and leverage it to seek political support from Washington.