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Chip production in the US will cost 1.5 times more than in Taiwan, says TSMC founder.

Published: 2022-11-21

The founder of Morris Chang has long moved away from direct participation in the activities of this Taiwanese company, which has become the largest contract chip manufacturer in the world, but does not miss the opportunity to speak out on topics close to him. Over the weekend, he said that the production of chips in the United States will be at least one and a half times more expensive than in Taiwan.

The floor was given to the founder of TSMC at the economic summit in Bangkok. During his speech, he not only referred to US Vice President Kamala Harris's approval of the idea to build a second TSMC facility in Arizona, but also mentioned the invitation of the US Secretary of Commerce to the groundbreaking ceremony for the facility. Gina Raimondo is expected to visit the construction site next month. The December 6 ceremony will be attended not only by Morris Chan and the US Secretary of Commerce, but also by representatives of some of the companies that are TSMC's clients. The possibility of the presence of US President Joseph Biden is still being discussed. At least he is officially invited to this event.

Recall that TSMC is already building a facility in Arizona, but recently decided to invest another $12 billion in the construction of a second facility. It is assumed that by the time of its commissioning, it will be able to launch the production of 3-nm products. As Morris Chan emphasized, 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 was a very important and necessary project for the United States.

According to Morris Chan, it becomes known that he managed to communicate with Xi Jinping, head of the Central Committee of the Communist Party of China and the government of this 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 around Taiwan were discussed during their meeting.