The government did not face any pressure from the US regarding TSMC’s investment deal in Arizona, President Lai Ching-te (賴清德) said at a press conference on Thursday. TSMC announced on Monday it will invest another NT$3.

"TSMC's decision is necessary for its future development. The government did not face pressure from the United States," Taiwan President Lai Ching-te said.

The Taiwanese chip giant TSMC’s plan to invest $100 billion in the United States has been met with anxiety and criticism in its home country.

Taiwan President Lai Ching-te is hailing a planned $100 billion investment in the U.S. by the Taiwan Semiconductor Manufacturing Corporation as “a historic moment for U.S-Taiwan relations,” adding that the move is not the result of pressure imposed by the U.S. government.

CHIPS and Science Act, the federal government pledged $6.6 billion to help TSMC expand its U.S. operations in Phoenix. Tuesday night, President Donald Trump called the law “a horrible, horrible thing” and urged Congress to scrap it.

Taiwan's President Lai Ching-te has defended TSMC's $100 billion investment in the US, asserting it was driven by business needs, not political pressure. TSMC will build three new manufacturing and two packaging facilities in Arizona,

TAIPEI, Taiwan — Taiwan’s president and top chipmaker TSMC held a joint news conference Thursday to defend the company’s decision to invest $100 billion in the U.S., saying it stemmed from customer demand and not pressure from the Trump administration.

President Donald Trump wants to kill the CHIPS Act, which provides $6.6 billion in federal subsidies for TSMC's $65 billion Phoenix semiconductor fabrication complex. He claimed that TSMC has not received money from the program,

Taiwan President Lai Ching-te and the CEO of Taiwan's largest chipmaker ... along with two packaging facilities in Arizona. The decision sparked concerns that Taiwan would gain little in return ...

Taiwans president and top chipmaker TSMC held a joint news conference Thursday to defend the companys decision to invest USD 100 billion in the US, saying it stemmed from customer demand and not pressure from the Trump administration.

The decision sparked concerns that Taiwan would gain little in return for moving some of its most advanced manufacturing processes to the U.S. Taiwan President Lai Ching-te denied that TSMC’s ...