Taiwan President Lai Ching-te and the CEO of Taiwan's largest chipmaker on Thursday held a joint news conference defending TSMC's decision to invest $100 billion in the U.S., saying that it stemmed from customer demand and not out of pressure from the

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.

The CEO of chipmaker TSMC will hold a press conference at Taiwan's presidential office at 5:00 p.m. local time (0900 GMT) on Thursday, the president's office said, days after the company announced major investment in the U.