News Snapshot:
In a rare public appearance since retiring nearly three years ago, Morris Chang, the 89-year-old founder of the world’s largest contract chip maker, said China is not yet a competitor in chipmaking and that Taiwan should defend its leadership in semiconductor manufacturing. Chang, who established Taiwan Semiconductor Manufacturing Co (TSMC) in 1987, is seen as the father of Taiwan’s success in the foundry business. At a forum hosted by Economic Daily in Taipei on Wednesday, Chang spoke about separate efforts by China and the US to build up their own chip-making capabilities. “Mainland China has given out subsidies to the...
