Taiwan's security chief denies Trump's allegation that the island stole America's microchip business

Open this photo in gallery: Taiwan's former foreign affairs minister Joseph Wu, now secretary-general of its National Security Council, said on Thursday that the Taiwan Semiconductor Manufacturing Company is a self-made success story.SAM YEH/AFP/Getty Images Taiwan's security chief has bluntly rejected U.S. President Donald Trump's allegation that the self-governing island stole the United States' microchip business, saying the real thief is China, with its state-sanctioned system of industrial espionage. Like many U.S. allies, Taiwan is facing tariff threats from Mr. Trump and pressure to boost defence spending. The U.S. President has talked of tariffs as high as 25 per cent…