NEW YORK: The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry.
Chang, who founded Taiwan Semiconductor Manufacturing Co. in the late 1980s, made the remarks at an event hosted by the Asia Society in New York. The company has helped the democratically governed island of Taiwan become the world’s leading producer of advanced chips.
US officials earlier this month enacted another set of export restrictions that clamped down on what chips and chipmaking tools can be exported to China after Huawei Technologies last month showed off a phone with a new domestically manufactured chip.
Chang, 92, said that cutting off China’s chip industry from the rest of the world would affect other players beyond China.
“I think that decoupling will ultimately slow down everybody. Of course, the immediate purpose is to slow China down, and I think it’s doing that,” Chang said.
Chang said that the effects of such decoupling were already becoming clear and that many previous economic conflicts between established and emerging powers had ended in wars.
“It looks like counties are mad at each other, that worries me,” said Chang, who characterizes the geopolitical tension between the US and China as an existing power confronting an emerging power.
“Our only hope is it doesn’t lead to anything even more serious,” Chang said.
He also praised the higher education system in the US, adding his optimism about the country as TMSC invests to build chipmaking facilities in Arizona.
Born and raised in China, Chang built a career in the US, where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan. He is now regarded as a legendary figure in the industry that’s caught in the middle of the geopolitical tension.
“I really think this country, which is my country, (the) United States, is still the hope of the world, that’s in spite of all the problems we are having,” said Chang.
US-China tensions will slow global chip industry, TSMC founder says
https://arab.news/npy6m
US-China tensions will slow global chip industry, TSMC founder says
- Morris Chang said that cutting off China’s chip industry from the rest of the world would affect other players beyond China
- The US earlier this month enacted another set of export restrictions that clamped down on what chips can be exported to China
Closing Bell: Saudi main index closes in green at 10,552
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 67.67 points, or 0.65 percent, to close at 10,552.26.
The total trading turnover of the benchmark index was SR3.49 billion ($931.5 million), as 78 of the listed stocks advanced, while 177 retreated.
The MSCI Tadawul Index increased, up 15.15 points, or 1.10 percent, to close at 1,392.59.
The Kingdom’s parallel market Nomu lost 183.55 points, or 0.78 percent, to close at 23,271.1. This comes as 26 of the listed stocks advanced, while 37 retreated.
The best-performing stock was Canadian Medical Center Co., with its share price surging by 6.30 percent to SR6.41.
Other top performers included Saudi Arabian Mining Co., which saw its share price rise by 5.30 percent to SR63.60, and Al Majed Oud Co., which saw a 5.27 percent increase to SR131.90.
Methanol Chemicals Co. posted the biggest decline of the session, with its shares falling 5.98 percent to SR8.17.
Saudi Ground Services Co. saw its shares fall 5.96 percent to SR36, while Alramz Real Estate Co. declined 5.85 percent to SR59.60.
On the announcements front, First Avenue for Real Estate Development said it has acquired full ownership of the Capital Avenue–Al Qirawan Tower in Riyadh for about SR310 million, according to a Tadawul filing.
The acquisition of all partners’ stakes in the Jadwa Capital Avenue Real Estate Fund gives the company full control of the project on King Salman Road. With construction 90 percent complete and final works expected in the first quarter of 2026, the nearly 35,700-sq.-meter tower offers about 15,000 sq. meters of leasable space.
The acquisition, financed through internal resources and bank funding, aligns with the company’s strategy to enhance its portfolio and returns. The transaction is projected to positively impact financial results from the first half of 2027.
First Avenue’s shares traded 0.34 percent lower on the parallel market to reach SR5.88.
