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TSMC, the world’s most important firm, caught between two superpowers
The Taiwanese firm will have to play a smart long game if it is to maintain its status as the unrivalled leader in the global semiconductor industry.
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TSMC's decision to site more production in the US is understandable now that tensions over Taiwan have taken centre stage.
PHOTO: BLOOMBERG
Jason Hsu
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CAMBRIDGE – Often referred to as the “Silicon Shield”, Taiwan produces a staggering 65 per cent of the world’s semiconductors and over 90 per cent of the highest-end chips. No company is more singularly important to the global economy than the Taiwan Semiconductor Manufacturing Company, or TSMC.
TSMC’s advanced microchips are indispensable to iPhones, medical devices, missile launch platforms and many other technologies, and they are largely unrivalled.
