TSMC Faces Severe Challenges as Free Trade Falters, Founder Says

Taiwan Semiconductor Manufacturing Co.’s founder Morris Chang said the the company will soon face its “most severe” challenges in driving growth at a time that the US is controlling the flows of cutting-edge chips to China. “TSMC is now truly a turf all major powers want to secure,” Chang said at a company event in Hsinchu on Saturday, amplifying a concept he first raised in 2019. “Free trade of semiconductors, particularly the most advanced semiconductors, has died. In such an environment, our challenge lies in how to continue to drive...