TSMC founder says US-China tensions will slow global chip industry

1 min read

The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry.

Chang, who founded Taiwan Semiconductor Manufacturing Co in the late 1980s, made the remarks at an event hosted by the Asia Society in New York. The company has helped the democratically governed island of Taiwan become the world’s leading producer of advanced chips.

US officials earlier this month enacted another set of export restrictions that clamped down on what chips and chipmaking tools can be exported to China after Huawei last month showed off a phone with a new domestically manufactured chip.

Chang, 92, said that cutting off China’s chip industry from the rest of the world would affect other players beyond China.

“I think that decoupling will ultimately slow down everybody. Of course, the immediate purpose is to slow China down, and I think it’s doing that,” Chang said.

Chang said that the effects of such decoupling were already becoming clear and that many previous economic conflicts between established and emerging powers had ended in wars.

“It looks like countries are mad at each other, that worries me,” said Chang, who characterizes the geopolitical tension between the United States and China as an existing power confronting an emerging power.

“Our only hope is it doesn’t lead to anything even more serious,” Chang said.

He also praised the higher education system in the United States, adding his optimism about the country as TSMC invests to build chipmaking facilities in Arizona.

Born and raised in China, Chang built a career in the United States, where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan. He is now regarded as a legendary figure in the industry that’s caught in the middle of the geopolitical tension.

“I really think this country, which is my country, [the] United States, is still the hope of the world, that’s in spite of all the problems we are having,” said Chang.

Read the full article here

Leave a Reply

Your email address will not be published.

Previous Story

Lindblad Expeditions Stock: Improved Performance, Price Decline (NASDAQ:LIND)

Next Story

Stock futures today: Live updates

Latest from Business

Walgreens is closing 1,200 stores

Walgreens is closing approximately 1,200 locations as the drug store chain struggles to contend with online competitors and declining prescription drug payments. By 2027,
مشاهير العرب سكس arabpornsamples.com زبر نايم
قصص ن realarabporn.com انجلا وايت
little pussy analpornstars.info chut land ki film
old movies telugu fuckmetube.mobi sapna rathi sex
pandaniku youhentai.org cbt hentai
xx com indian indianpornfeed.com bf vs gf
bf sex sex sex hqtube.mobi husband wife sexy video
desi sex video tumblr sexozavr.com animal fuck women
marathi blue film com xxx-tube-list.info xixxx video
bed room xnxx prontv.mobi real chut image
ytmp4 eroanal.net bhojpuri sexy
fpo xxx indiandesiclips.com nepal call girl
xvideo wwe gotporn.mobi www.indianxnxx
sex videos sunny leone erofreeporn.net hot malayalam actress navel pictures
presyo ng mga bilihin onlineteleserye.com love revolution season 2