Taipei, Feb. 16 -- Taiwan President William Lai has announced plans to increase the country's investment in the US and continue to collaborate with friends and allies to build global democratic supply chains, the Taipei Times reported.

Speaking at a news conference on Wednesday in Taipei following his first high-level national security meeting of the year, Lai said the government would act prudently, strengthen communications with the US and promote greater mutual understanding.

As reported by Taipei Times, this comes after US President Donald Trump again threatened to impose tariffs on Taiwanese semiconductors.

Lai also highlighted an initiative to promote semiconductor supply chain partnerships for global democracies, saying that Tai...