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TSMC's Morris Chang calls on Taiwan to defend its chip industry

Industry veteran says China 'not yet a competitor' despite hefty subsidies

TSMC founder Morris Chang, center, says Taiwan must "hold on tightly" to its leadership in semiconductors. (Photo by Lauly Li)

TAIPEI -- Morris Chang, the founder and former chairman of the world's most valuable chip company, has called on Taiwan and its government to defend the island's semiconductor manufacturing leadership amid a push by the U.S. and China to build up their own chipmaking capabilities.

Chang, who established Taiwan Semiconductor Manufacturing Co. in 1987, is seen as the founding father of the island's flagship chip industry.

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