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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

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

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. Born and raised in China, Chang built a career in the U.S., 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US-China tensions will slow global chip industry, TSMC founder saysUS-China tensions will slow global chip industry, TSMC founder says
Source: Investingcom - 🏆 450. / 53 Read more »

TSMC, Alibaba and more: Goldman reveals AI stocks in its 'conviction list' — giving one 105% upsideInvestor sentiment around artificial intelligence has weakened on the back of recent U.S. export curbs on AI chips — but Goldman is still bullish.
Source: CNBC - 🏆 12. / 72 Read more »