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Business trends

TSMC founder Chang warns of Chinese dominance in chips

Industry icon sees 6% growth in sector over 20 years, double that of global GDP

TSMC Founder Morris Chang believes there is plenty of room for innovation in the chip industry. (Photo by Cheng Ting-Fang)

TAIPEI --The global chip industry risks losing out to Chinese rivals who are exploiting generous government subsidies to invest in emerging technologies, according to Morris Chang, retired founder of Taiwan Semiconductor Manufacturing Co.

In his first major public appearance since stepping down from the world's largest contract semiconductor manufacturer in June, the industry veteran warned that only sizable investments in major innovations would guarantee that today's chipmakers would still be relevant tomorrow.

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