TSMC announced on Tuesday it would more than triple its planned investment at its Arizona plant to $40 billion

The US President's visit follows the Taiwanese chipmaker’s move to more than triple its planned investment in the factory to $40 billion

China, which is reeling from punishing US tech sanctions, is exploring using graphene instead of silicon in microchips as it desperately attempts to match its global rivals

The island’s export orders slumped 6.3% in October from a year earlier to $55.4 billion, surprising analysts who’d expected a drop of 1%

Astronomers from both nations are exploring the idea of creating instruments together, SCMP said

"It was a very happy, polite interaction," Taiwan official Morris Chang said, adding that tensions across the Taiwan Strait were not discussed

The two representatives discussed TSMC's new $12 billion microchip plant in the US state of Arizona

It is imperative for the island to remain competitive as countries including the United States, Japan and South Korea offer billions to bolster their chip industries, the economy ministry said

Taiwan, home to the world's largest contract chipmaker, TSMC, plays an outsized role in providing chips used in everything from cars to fighter jets

"We're going to compete vigorously. But I'm not looking for conflict," US President Joe Biden said after meeting Xi on the sidelines of the G20 summit

Taiwan is creating tensions by colluding with external nations, Chinese foreign ministry spokesman Zhao Lijian said on Tuesday

The proposed plant will be located in Toayuan in Northern Taiwan, with TSMC yet to confirm the claim which came from a close source, Taiwan News said