TSMC's Global-Not-Global Strategy Must End
It’s unfathomable that the world’s most important chipmaker keeps 90% of capacity within a few nearby locations.
Former Chairman Morris Chang thinks TSMC should stick to Taiwan.
Photograph: Bloomberg
Explore within a 100-mile radius of central Taiwan and you’ll stumble across some of world’s most majestic mountains, breathtaking lakes and awe-inspiring valleys. You’ll also find 95% of the world’s most-advanced chipmaking.
While lacking the same postcard views as Jade Mountain or Sun-Moon Lake, Taiwan Semiconductor Manufacturing Co. is still a treasure. The company went from being the upstart of a government industrial think tank to the most crucial chip supplier in the world. But even as it’s grown into a $540 billion company, management has stubbornly kept all state-of-the-art manufacturing capacity at just three locations.