TSMC takes a swing at Intel over ‘futile’ US expansion plans

The founder of Taiwanese chip foundry TSMC has described attempts to ramp up manufacturing capacity in the United States as an “exercise in futility”.

Speaking at an event (opens in new tab) hosted by the Brookings Institution, Morris Chang said he believes the conditions of the US economy and labor market are not conducive to success in the context of semiconductor fabrication.

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