TSMC's retired founder says US-China chip war will lead to higher prices

TSMC's retired founder says US-China chip war will lead to higher prices

Morris Chang, the founder of the Taiwan Semiconductor Manufacturing Company (TSMC), attends a Chip War book event in Taipei, Taiwan March 16, 2023. REUTERS/Ann Wang

The retired founder of TSMC said on Thursday that even as he supported US efforts to slow China’s advances in the semiconductor industry, the “bifurcation” of the global supply chain and the reversal of globalisation would increase prices and reduce the ubiquity of chips that power the modern world.