$TSM.US$ TSMC founder Zhang Zhongmao told member states at t...

He believes that while the shortage of any key components is a serious problem, free trade and free competition are still the best solution.

Zhang also stressed that the recent chip shortage has greatly increased production capacity, which embodies the free market as the best solution to the problem of shortage or surplus.

ZHANG CHUNG-MU SAID AT THE SUMMIT THAT THERE HAVE BEEN SOME MORE CONDITIONS FOR FREE TRADE IN THE RECENT PAST, BUT MOST OF THE CONDITIONS HAVE BAD CONSEQUENCES. WHAT ASPECTS OF MEDIA CONCERN IS HE REFERRING TO? To this question, Zhang Zhongwu responded that the United States should do a little more in its own country, for example, semiconductors, in fact, the United States has been advocating free trade for decades, and now it has suddenly added a condition. “To do a little more within yourself, that's the condition,” he reiterated.

And are there other leaders concerned about chip shortages? Zhang Zhongmu said that he was the only leader or leader to mention the chip issue. If the government has not taken effective action on the chip shortage, the private sector can quickly increase production in a free market environment.