Taiwan's President Lai Ching-te has sought to reassure the public about Taiwan Semiconductor Manufacturing Company's (TSMC) recent decision to invest $100 billion in Arizona, which raised concerns domestically. The expansion aims to boost production of chips for AI and high-tech applications. President Trump has urged Taiwan to reduce its semiconductor dominance and shift production to the U.S. Despite fears regarding Taiwan's economic power, Lai reassured citizens that TSMC's growth enhances their global position and presents opportunities for Taiwanese businesses.
President Lai Ching-te stated that TSMC’s $100 billion investment in the U.S. will ultimately benefit Taiwan, its businesses and strengthen its role in international collaboration.
Lai emphasized, 'With each initiative by TSMC, TSMC has grown even stronger and more competitive, while also providing Taiwan's businesses with opportunities for international cooperation.'
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