Tim Culpan, Columnist

This Star Chipmaker Really Doesn't Want to Pick Sides

With clients like Apple, Qualcomm and Huawei, TSMC is caught between two superpowers. The U.S.-China trade war is testing its loyalties. 

Stuck in the middle with you.

Photographer: Ashley Pon/Bloomberg
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You’ve got to feel for Mark Liu. The chairman of Taiwan Semiconductor Manufacturing Co. just wants to make chips.

And he does; the best chips for the best companies in the world. Unfortunately, one of his clients is Huawei Technologies Co. So it’s not surprising that the world’s largest contract chipmaker has found itself in something of a pickle.