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Economy

No star-spangled production plans for Taiwan chip king TSMC

CEO Chang says having a US foundry would only hurt Apple and other local clients

TSMC Chairman Morris Chang, center, said moving production to the U.S. would require "sacrifices" by his company and its local clients. Here he is flanked by co-CEOs Mark Liu, left, and C.C. Wei. (Photo by Cheng Ting-fang)

TAIPEI The head of the world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), said he "applauds" new U.S. President Donald Trump's call to create more jobs at home, but that moving more TSMC chip operations stateside would only hurt his company and its clients there, including Apple Inc., Qualcomm Technologies and Nvidia.

"I do not rule [building a U.S. foundry] out, but I see a lot of sacrifices that we and our customers will have to make if we do that," TSMC founder and Chairman Morris Chang told investors and reporters on Jan. 12. He added that he felt no pressure from his U.S. clients to do so despite Trump's aggressive pledge to bring manufacturing jobs back to the country.

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