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Chip Industry’s Biggest Risk Is not a US Trade Spat

May 7, 2018

A tit for tat between Beijing and Washington wouldn’t be good for the Chipmaker to the Stars, its founder and outgoing chairman told the Financial Times.

“China does a lot of assembling of the final product, so the U.S.-China trade dispute may impact us also,” Morris Chang said.

I suspect Chang may have been dumbing down his analysis, because I’m sure he knows full well that the bigger risk to Taiwan Semiconductor Manufacturing Co. isn’t some short-term disruption to end-product manufacturing.

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