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TSMC head says drive to onshore chip supply chain is 'unrealistic'

Mark Liu says US-China trade disputes caused uncertainty that led to 'double-booking'

TSMC, the world's leading contract chipmaker, is racing to meet increased demand for chips.    © EPA/Jiji

HSINCHU, Taiwan -- The head of the world's biggest contract chipmaker has said the rush by major economies to onshore semiconductor production is "unrealistic" and that expanding capacity would not help alleviate the global chip shortage.

"It's economically unrealistic for all the countries to build additional chip production capacity," Mark Liu, chairman of Taiwan Semiconductor Manufacturing Co., told reporters on Tuesday.

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