Taiwan says TSMC’s move to invest $100 bn in US not due to Trump’s pressure

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 US, saying it stemmed from customer demand and not pressure from the Trump administration.

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, said earlier this week it would invest $100 billion in three more chip manufacturing plants, along with two packaging facilities in Arizona.