TSMC Sparks Patriotic Spirit of Taiwanese Wary of China

  • Chipmaker is dubbed ‘holy mountain that safeguards the nation’
  • Number of retail shareholders has reached a record this year
TSMC campus in Hsinchu.Photographer: An Rong Xu/Bloomberg
Lock
This article is for subscribers only.

August Chuang believes the best thing she can personally do to protect her homeland from a Chinese invasion is to buy Taiwan Semiconductor Manufacturing Co. shares.

The 31-year-old Taipei office worker has 70% of her domestic assets in the world’s largest chipmaker. It’s been a good investment, with the stock more than doubling since she first bought shares in 2020. But this is more than just a financial decision for Chuang.