‘Not afraid’: TSMC brushes off mainland chip rivals amid AI boom
Taiwan Semiconductor Manufacturing Co (TSMC) chairman C.C. Wei said the world’s largest contract chipmaker was “not afraid” of competition from mainland China, dismissing concerns that advances by Huawei Technologies and Chinese foundries could threaten its position in the global semiconductor industry.
Responding to a shareholder’s question at TSMC’s annual shareholders’ meeting on Thursday, Wei said competition had been a constant throughout the company’s four-decade history and that it would...
- Inside India newsletter: Why Taiwan and South Korea's stock markets have surged past India within a week CNBC —
- Indian IT Stocks Slump as AI Jitters Resurface Bloomberg —
- Nomura's Wang Thinks Asia Chips Rally Mostly Justified Bloomberg —
- Indian stocks lose out to Asian rivals in global hunt for AI winners Financial Times —
- China’s AI chip demand pushes Korea into rare surplus with top trade partner Korea Times —