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.

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.

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 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.

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.