President Donald Trump blasted what he perceived as the incompetence of previous presidents for allowing Taiwan to become a global leader in semiconductor manufacturing. Given their prominence in technological development and the fact that semiconductors were “invented in America,” the president criticized his predecessors for allowing the “semiconductor industry” to be dominated by a foreign country. Trump made the comments in a Truth Social post shortly after midnight on Thursday.“The Technology the World relies on was invented in America,” said Trump. “We all remember ‘Intel Inside.’ Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories. They forgot to protect our Industries with TARIFFS. When I won my Second Term (Third, actually!), it was clear America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW!” He also stressed the importance of building semiconductors in the U.S. Trump explained that this was an impetus for his decision to “help Intel” by having the U.S. government purchase a 9.9% stake in the company, buying 433.3 million primary shares of Intel stock at $20.47 per share in 2025.