World > Asia & Oceania
Taiwan's Lai vows more investment in US as chip tariffs loom

TAIPEI, Taiwan — Taiwan will boost investment in the United States and on its own defenses, leader Lai Ching-te said Friday, as Taipei seeks to head off US President Donald Trump's threats of tariffs on its semiconductor chips.

The self-ruled island is a global power in the manufacturing of chips, which are used in everything from smartphones to missiles and are a key driver of its economy.