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.

"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 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.

TSMC’s $100B pledge adds to existing $65B commitment, but Taipei insists decisions based on strategy, not external influence - Anadolu Ajansı

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's President Lai Ching-te has defended Taiwan Semiconductor Manufacturing Company's (TSMC) decision to invest $100 billion in the United States, insisting at a joint news conference that the move was driven by business necessity rather than political pressure from the Trump administration.

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.

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.