TAIPEI: Globalisation is taking a backseat to priorities such as national security and technological leadership, with US-China relations consisting more of competition than cooperation, the retired founder of Taiwanese chipmaker TSMC said on Tuesday (Jul 4). Morris Chang, who founded the world's largest co
TAIPEI: Globalisation is taking a backseat to priorities such as national security and technological leadership, with US-China relations consisting more of competition than cooperation, the retired founder of Taiwanese chipmaker TSMC said on Tuesday .
Chang, who at 91 remains an influential voice in the chip industry, said globalisation peaked in the 2010s and has weakened over the past several years as the US and China adopt measures to boost their domestic chip industries.TSMC, Asia's most valuable listed company, is referred to in Taiwan as the"sacred mountain protecting the country" because of its economic importance.
The company's dominance in making some of the most advanced chips for high-end customers such as Apple has shielded it from a broader industry downturn.
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