Taiwan’s president has said that a Taiwanese semiconductor company’s massive investment in Arizona is the “best model” for the island’s effort to build computer chips supply lines that don’t rely on Chinese producers.
Taiwanese President William Lai Ching-te made the remark in a meeting this week with Arizona Gov. Katie Hobbs and representatives of the Taiwan Semiconductor Manufacturing Company.
Hobbs’ diplomatic and trade mission comes weeks after TSMC announced it would invest $100 billion in creating three additional chip foundries, an R&D center and packaging facilities in Arizona.
Lai and TSMC representatives say the promised investment stemmed from customer demand and not pressure from the Trump administration.
President Donald Trump previously said Taiwan had taken away the U.S. chip business and that he wanted it back.
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The company says the move will lower its operational costs and give it a more centralized location.
