Semiconductor manufacturing in US will be 'exercise in futility,' says TSMC

Tech giants and the U.S. government plan to invest billions of dollars in domestic semiconductor production, but TSMC's founder says it will be for naught.



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TSMC's founder and former CEO Morris Chang believes that efforts to manufacture semiconductors in the United States will be a "very expensive exercise in futility."
Chang pointed to the difference in labor and manufacturing costs in the United States compared to Taiwan.
The U.S. government and several large tech companies plan to invest billions of dollars to chipmaking within the United States.


TSMC's founder and former CEO Morris Chang believes that semiconductor production in the United States will struggle to compete with manufacturing in Taiwan. Chang called recent efforts to increase semiconductor manufacturing in the U.S. a "very expensive exercise in futility." He argued that making chips in the U.S. will cost more, causing the U.S. industry to fail to compete with TSMC and other companies arou...