"In vain": TSMC founder crushes U.S. ambitions in chip manufacturing
$Taiwan Semiconductor(TSM.US$ That's how TSMC founder Chang Chung-Mou describes the U.S.'s "futile" attempts to increase its domestic chip production. According to the Taiwanese company's boss, the U.S. embarked on a path in the 1970s and '80s that retrained the most skilled chip producers for higher-paying jobs.
As a result, a professional vacuum was created that today prevents the U.S. from responding to the Asian ecosystem.While in the U.S. and other countries, manufacturing talent took other paths, Taiwan has built a "pool" of expertise that makes it a major pillar of semiconductor production for third parties today.
TSMC's founder acknowledged that the U.S. is better at semiconductor design, calling it "the best in the world. "Taiwan has very little design talent, and TSMC has absolutely none." As for production, in addition to a lack of expertise, the U.S. has another problem: cost.
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