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International Business Times

Business

Taiwan Says TSMC Investment 'Historic Moment' For US Ties

TSMC Taiwan United States Lai ChingTe CC Wei Donald Trump

An image of an electronic wafer is displayed at the Taiwan Semiconductor Manufacturing Company (TSMC) Museum (Credit: AFP)

Taiwanese chipmaking giant TSMC's plan to invest $100 billion in the United States was a "historic moment" for Taiwan-US ties, the island's President Lai Ching-te said on Thursday.

TSMC, the world's largest chipmaker, announced the plan this week after US President Donald Trump threatened to impose tariffs on overseas-made chips.

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