
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
For a certain type of chip, the factory price of each chip is $400$ yuan. After achieving localization through scientific research, the cost decreases, and the price is reduced twice. If the percentage of each price reduction is $x$, and the factory price after the reduction is $144$ yuan, the equation based on the problem is: ______.

Present the answer in LaTex format: \boxed{Your answer}
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