TSMC founder Morris Chang has long since renounced direct ownership of the Taiwanese company that has become the world’s largest contract chipmaker, but never misses an opportunity to speak on issues close to his heart. Over the weekend, he said that producing chips in the United States will be at least one and a half times more expensive than in Taiwan.
Corresponding Bloomberg, the founder of TSMC was given the floor at the Bangkok Business Summit. In his speech, he not only referred to US Vice President Kamala Harris’ approval for the construction of a second TSMC plant in Arizona, but also mentioned the US Secretary of Commerce’s invitation to the groundbreaking ceremony for the plant. Gina Raimondo is expected to visit the site next month.
Recall that TSMC is already building a facility in Arizona, but recently decided to invest another $12 billion to build a second facility. It is expected that by the time of commissioning, production of 3nm products can begin. As Morris Chan pointed out, the cost of chip production in the United States will be at least one and a half times higher than in Taiwan, but this did not stop the company, since it understood that this is a very important and necessary project for the United States.
According to Morris Chan, it is revealed that he managed to communicate with Xi Jinping, the chairman of the Central Committee of the Communist Party of China and the government of that country. The founder of TSMC managed to congratulate Comrade Xi on the success of the 20th CCP Congress, but no issues related to the tensions over Taiwan were discussed during their meeting.