Taiwan’s President Supports TSMC’s Globalization, Weapon Against Overtaking Intel and Samsung

The decision by the Taiwan Semiconductor Manufacturing Company (TSMC) to build a manufacturing facility in the United States continues to send shockwaves across Taiwan. Prior to the end of the month, TSMC hosted a groundbreaking ceremony for its facility. President Biden was among the notable visitors there. Following the opening, the opposition party in Taiwan expressed worries that the corporation was leaving for the U.S. and depriving the island area of a significant edge in the global supply chain.

Tsai Ing-wen, the president of Taiwan, has since spoken about her stance on the subject, and more academics and opposition figures have joined her. Even while her opposition is concerned that TSMC may lose its role in Taiwanese national security as it begins to develop worldwide, the President agrees with TSMC CEO Dr. C.C. Wei who has previously stressed that the business cannot “de Taiwanize.”

President Tsai briefed the Taiwanese media earlier today, and inevitably, the topic of TSMC’s intentions to grow internationally also came up. The President cited the company’s current and previous management to stress that these fears are false when questioned whether TSMC was de-Taiwanizing after constructing a cutting-edge manufacturing plant in the U.S. She cited Dr. Wei and said that the chief executive of TSMC feels that the corporation cannot leave Taiwan.

She continued by saying that Dr. Chang, the founder of TSMC, has often maintained that Taiwan was the ideal location for the business to invest since the country had both a highly skilled workforce and the solid industrial cluster required to support semiconductor production. Because the process is so dependent on a broad range of diverse inputs, like chemicals and clean water, businesses are establishing themselves adjacent to production sites to provide businesses like TSMC with the inputs.

Opposition Party KMT Against the Expansion of TSMC into United States and Globally

The Taiwanese opposition party KMT conducted another news conference that was more colourful as they voiced their different objections to TSMC’s choice to build the American facility. At the ceremony, KMT officials said that their party had spurred TSMC and that the government should now use all of its resources to create an atmosphere in Taiwan that is welcoming to the company. They also questioned if TSMC would be able to “protect” Taiwan and maintain the secrecy of its yield rates, as well as whether the quantity of chips produced at the U.S. facility would exceed those produced in Taiwan. 

The head of the Macroeconomic Forecasting Center at the Taiwan Institute of Economic Research, Dr. Sun Ming-te, also attended a news conference to discuss Taiwan’s macroeconomic forecast. Naturally, concerns about the consequences of TSMC’s U.S. chip facility also surfaced, but the researcher was fairly positive about the development.

Dr. Sun made the point that by relocating to the United States, TSMC can make advantage of American capabilities to increase its footprint abroad and allay customers’ worries over supply chain security. He continued by saying that by relocating to the United States, the business would also be able to compete with Samsung and Intel, both of which are well-established in the nation. 

ABOUT THE AUTHOR

Muhammad Zuhair


Passionate about technology and gaming content, Zuhair focuses on analysing information and then presenting it to the audience.
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