Taiwan pledges to communicate and invest more in the US after Trump tariff threats

Taiwan President Lai Ching-te says he will communicate more with the U.S. over President Donald Trump’s concerns over the chip industry and invest more in the U.S. Trump said Thursday that Taiwan had taken away the U.S. chip business and he wanted it back in the country. Taiwan’s TSMC is the world’s largest chipmaker and produces chips for companies including Apple, Intel and Nvidia. Lai said the semiconductor industry is an “ecosystem” in which countries specialize in different areas. Lai said his government would propose a “global semiconductor democratic supply chain partnership initiative” and would be willing to work with partners such as the U.S. to build a more resilient and diversified semiconductor supply chain.