Taiwan should pay the U.S. for its defense as it does not give the country anything, Republican presidential candidate Donald Trump told Bloomberg Businessweek, sending shares of chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) lower on Wednesday.

"I know the people very well, respect them greatly. They did take about 100% of our chip business. I think, Taiwan should pay us for defence," Trump said in interview on June 25 that was published on Tuesday.

"You know, we're no different than an insurance company. Taiwan doesn't give us anything."