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Musk warns chip disaster; Trump doubts Xi’s Taiwan promise

6/23/2026

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Story summary
  • Elon Musk told President Donald Trump and CEOs at a March 10, 2025 meeting that reliance on Taiwanese chips could become disaster, noting United States will control thirty percent of TSMC’s capacity.
  • President Donald Trump reported that Xi Jinping assured him Beijing would not invade Taiwan, though he warned the promise might be false.
  • In May 2026 Elon Musk, Jensen Huang and Tim Cook joined President Donald Trump on a visit to China.