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.

President Lai Ching-te said Taiwan was not pressured by the US “during TSMC’s US investment process”. Read more at straitstimes.com.

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 dollars to build additional chip facilities in the U.S.