Taiwan is seeking closer security ties with the United States and will look to buy more weapons from the country, Bloomberg News reported on Wednesday citing a senior Taiwanese official.

Taiwan needs to dramatically hike defense spending to around 10% of gross domestic product in order to deter a war with China, President Donald Trump's nominee to become a top Pentagon policy advisor said on Tuesday.

As President Trump turns toward Russia, Taiwan grapples with its reliance on U.S. support in the face of conflict with China.

Taiwanese chipmaking giant TSMC's plan to invest $100 billion in the United States was a "historic moment" for Taiwan-US ties, the island's President Lai Ching-te said on Thursday. It will take the total amount the world's biggest chipmaker has pledged to invest in the United States to $165 billion,

Taiwan has detected 11 Chinese balloons near the island in a 24-hour period, the defense ministry said Friday. The balloons were spotted along with five Chinese aircraft and six warships in the 24 hours to 6:00 a.

Taiwan's economy minister said on Tuesday his ministry had not received information about an overseas investment application by Taiwanese chipmaker TSMC , when asked about possible investment in Intel and the United States.

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TSMC’s $100 billion will significantly boost America’s semiconductor manufacturing industry but how it will shape US-Taiwan relations is an open question.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.