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
Saudi Arabia moves to deepen EU industrial ties in pharma, minerals
RIYADH: Industrial partnerships in pharmaceuticals, trade and critical minerals are set to strengthen as Saudi Arabia expands cooperation with European partners during high-level talks in France and Belgium.
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim AlKhorayef used meetings in the two countries to push pharmaceutical manufacturing partnerships and critical minerals cooperation with Europe as part of his official visits, the Saudi Press Agency reported.
The move aligns with Vision 2030 efforts to localize strategic industries and secure supply chains, while advancing the National Industrial Strategy and strengthening domestic pharmaceutical and medical manufacturing to enhance health security.
In Lyon, AlKhorayef met Thomas Triomphe, executive vice president and head of vaccines at Sanofi, to explore opportunities to localize vaccine and biopharmaceutical manufacturing in the Kingdom.
“During the meeting, His Excellency viewed a presentation on the company’s journey as a global pharmaceutical group, its strategic directions in vaccine and biopharmaceutical manufacturing, key performance indicators, and its investments in research and development,” the SPA report stated.
It added: “AlKhorayef also visited the industrial facilities, production lines, and quality control laboratories, observing the vaccine manufacturing process from the development of active ingredients through packaging according to the highest safety and quality standards, culminating in the rigorous testing and control systems that ensure product efficacy and safety before market release.
He also visited Benta Group in the French city, where he was received by Chairman and Chief Executive Bernard Tannoury.
During the visit, he was presented with an overview of the group’s history and origins in the French market, as well as its development in pharmaceutical manufacturing.
The meetings and field visits in France form part of the minister’s official visit to the country, aimed at strengthening industrial partnerships, attracting high-quality investments in the biopharmaceutical sector, and transferring advanced knowledge and technologies.”
In Brussels, AlKhorayef held bilateral meetings at the headquarters of the EU with Dubravka Suica, European Commissioner for the Mediterranean, and Maros Sefcovic, European Commissioner for Trade and Economic Security, during his official visit to Belgium.
The meetings discussed areas of joint cooperation to reinforce the Kingdom’s position as a key partner in supporting economic security and integrating global supply chains, ensuring the smooth flow of international trade and securing supplies of critical minerals worldwide.
During his meeting with Suica, the minister explored ways to enhance bilateral economic cooperation and expand partnership prospects between the Kingdom and the EU, reaffirming Saudi Arabia’s support for regional and global economic security and its commitment to strengthening coordination on issues of mutual interest to promote economic stability and resilience amid global shifts and transformations.
In his meeting with Sefcovic, AlKhorayef discussed prospects for cooperation in trade and strengthening the security of global supply chains, securing critical mineral supplies, exploring opportunities for industrial value chain integration between the Kingdom and EU member states, and expanding joint investments in priority sectors.
The meetings in Belgium are part of AlKhorayef’s visit aimed at exchanging expertise, strengthening cooperation with European countries in advanced industries, and attracting high-quality investments to the Kingdom.
