US-China tensions will slow global chip industry
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 ...