Taiwanese President Lai Ching-te aimed to assure citizens regarding the impact of a Taiwanese chip manufacturer’s plan to invest $100 billion in the United States. This announcement came amid concerns raised at home, where many view the chip sector as crucial to the economy and as defense against potential Chinese aggression. The President stated that this development would benefit TSMC, Taiwan, and the United States. TSMC’s CEO, C.C. Wei, insisted that the decision was based on business needs, clarifying that the company’s growth in the U.S. would not compromise its production in Taiwan. Despite reassurances, some in Taiwan remain unconvinced of the benefits. The government is also addressing criticism from the U.S. about Taiwan’s defense spending and trade imbalance.

Source: https://www.nytimes.com/2025/03/06/world/asia/taiwan-tsmc-chips-arizona.html