Taiwan is a major producer of chips used in everything from cars to artificial intelligence applications, and is home to key Apple and Nvidia supplier TSMC.
But US President-elect Donald Trump criticized Taiwan during the election campaign, accusing it of stealing business from American semiconductor companies.
His threat of broad import tariffs could also affect an industry that is crucial to the island's economy.
Addressing Hawaii's East-West Centre on Nov 1, Mr Lai said Taiwan actively contributes to the global supply chain, especially in high-tech industries such as semiconductors, according to a summary of his remarks released by the presidential office in Taiwan.
"The US-Taiwan partnership not only strengthens these industries but also demonstrates the strategic importance of Taiwan as a trusted and reliable partner," the statement paraphrased Mr Lai as saying in closed-door comments he gave in English.
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New uses for vacant school sites as co-living space, sustainability hub and pre-school
A number of former school sites across the island, left vacant in recent years, have been returned to the community and reimagined for a variety of uses, from housing a pre-school to becoming co-living spaces.
More cancer patients in Singapore die, compared with US, S. Korea: Paper
Age at diagnosis, lower screening rates among possible reasons, say doctors
S. Korea's crisis deepens as prosecutors close in on Yoon, ex-minister
SEOUL - South Korea's leadership crisis deepened on Dec 8 as prosecutors named President Yoon Suk Yeol as a subject in a criminal investigation over his bid last week to impose martial law, his former defence minister was arrested, and his interior minister resigned.
Syrian rebels oust Assad, forcing him to flee country
Islamist fighters also deal major blow to influence of Russia and Iran in the region
Pistachio power
The nut can now be found in both sweet and savoury dishes and even drinks
Born with heart chambers, abdominal organs on opposite sides
When Nur Faathimah Assyifa' turned two, she had surgery that involved switching the positions of two major arteries
Malayland is a quick dip into Malaysia's identity politics
Malaysian writer Dina Zaman's work is based on interviews with activists and individuals of various stripes
Book Talk Entrepreneur Simon Wong reads physical books as they never run out of batteries
British-born Singapore permanent resident Simon Wong, 50, co-founded Singapore Sidecars as a social enterprise to raise funds for various causes.
MIXED VIEWS ON AFF C'SHIP
Several star players will be absent, some countries won't play at their main stadium
Scheduling debacle is an own goal for unilateral AFF
Deadly Thai striker Teerasil Dangda will not be adding to his record Asean Championship tally of 25 goals when the tournament kicks off on Dec 8.