TAIPEI, Taiwan — Taiwan’s president and top chipmaker TSMC held a joint news conference Thursday to defend the company’s decision to invest $100 billion in the U.S., saying it stemmed from customer demand and not pressure from the Trump administration.

Taiwan Semiconductor Manufacturing Company (TSM) makes a compelling investment case given its existing position as the world’s largest and most dominant advanced semiconductor manufacturer. Many pragmatic investors are buying into TSM while penciling in additional purchases if U.

TSMC is on a slippery slope. Taiwan Semiconductor Manufacturing , the world's largest chipmaker, on Monday pledged $100 billion in fresh funds to build factories in the United States. It also committed to set up a major research and development centre stateside,

The world’s largest contract chip maker’s latest $100 billion investment plan is aimed at meeting strong demand from U.S. customers, Wei said.

TSMC's investment will total $165 billion at full buildout with six fabs, two advanced packaging facilities and a research and development center. That's the largest investment in Arizona's history and the largest foreign direct investment in the U.S. "It's incredible isn't it?" Mackay said.

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.

Taiwan President and TSMC CEO hold joint press briefing in response to concerns over US subsidies and investment. TSMC plans to invest $100 billion in US facilities.

Taiwan Semiconductor leads in advanced chip production, with significant CapEx plans to maintain technology leadership. Find out why I rate TSM stock a buy.