Taiwan president and TSMC CEO defend $100bn U.S. investment

Wei says company is expanding to meet demand, does not need subsidies

Taiwan President Lai Ching-te: "This is TSMC's moment, Taiwan's moment and a historic moment in Taiwan-U.S. relations."(Photos by AP and Reuters)

THOMPSON CHAU

March 6, 2025 20:33 JST

TAIPEI -- Taiwan's president and the CEO of TSMC, its largest company, held a joint press conference on Thursday defending the chipmaker's decision to invest $100 billion to build additional chip facilities in the U.S.

President Lai Ching-te hailed the decision as a milestone in U.S.-Taiwan relations, while TSMC's C.C. Wei said the decision was driven by customer demand.