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$Taiwan Semiconductor (TSM.US)$ Taiwan Semiconductor founder...

Taiwan Semiconductor founder Morris Chang stated at the APEC Economic Leaders' Meeting in New Zealand that the main reasons for the global semiconductor shortage include underestimated demand, natural disasters, logistics congestion, and a surge in digital demand. The best solution to the semiconductor shortage issue is free trade and a free market.
He believes that although a shortage of any critical components is a serious issue, free trade and free competition in the free market are still the best solutions.
Morris Chang also emphasized that the recent significant increase in semiconductor manufacturing capacity due to the semiconductor shortage vividly demonstrates that the free market is the best solution to address shortages or excess production.
At the summit, Morris Chang pointed out that there have been some additional conditions to free trade recently, but most of these conditions have had adverse consequences. When asked by the media about which aspects he was referring to, Morris Chang responded that, for example, in semiconductors, the USA wants to do a bit more domestically, despite advocating for free trade for decades, they have suddenly introduced a new condition. He reiterated: "Doing a bit more domestically is the condition."
As for whether other leaders are also concerned about the semiconductor shortage issue? Morris Chang said that he is the only leader or representative who mentioned the semiconductor issue, and in a free market environment where any government has not taken effective action against the semiconductor shortage, the private sector can quickly increase production capacity.
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