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Geopolitical rivalries distorting chip market: TSMC CEO

Taiwan chipmaker says productivity and efficiency are being 'destroyed'

C.C. Wei spoke at a local forum hosted by the Monte Jade Science and Technology Association, a leading tech industry association, on Dec. 17. (Photo by Cheng Ting-Fang)

TAIPEI -- Tensions between the world's two superpowers are "distorting" the semiconductor market and erasing the benefits of globalization, the CEO of the world's top contract chipmaker said on Saturday in a speech that also expressed reservations over the global rush by countries to bring chip production onshore.

C.C. Wei, CEO of Taiwan Semiconductor Manufacturing Co., said COVID-19 and the Ukraine war will also continue to disrupt the chip supply chain but stressed that "geopolitical confrontation" is the biggest new challenge facing the industry.

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