TSMC’s founder, Morris Chang, spoke negatively about the US efforts to increase domestic chip production. Chang said on a podcast hosted by the Brookings Institution that any attempt by the US to increase domestic chip production would be “a wasteful, expensive practice.”
Chang, the founder of Taiwan Semiconductor Manufacturing Company, the world’s first and largest silicon foundry, attributes the reason behind his comment to the workforce. According to the CEO, the USA lacks the ability to work in factories. It’s also willing to work with a triple-shift system to keep factories running 24/7, unlike the Taiwanese.
The business person states that producing chips in the country is 50 percent more expensive than in Taiwan and that the US cannot compete in terms of cost. Let’s add specifically that Chang is no longer operating at TSMC and these are just his personal opinions.
On the other hand, during the broadcast, we were asked why TSMC is building a factory in Arizona. Chang said TSMC decided to do this because it was encouraged by the US government. The former TSMC CEO doesn’t believe the US is self-sufficient when it comes to semiconductors, despite government support. The main reason behind this view is that the cost per chip is high in dollars.