Taiwan’s President says Chip Industry Faces Volatile Challenges

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Taiwan, home to the world’s largest contract chipmaker, TSMC, and major semiconductor manufacturers, has warned that the semiconductor industry faces new and “volatile” challenges.

Taiwan’s President Tsai Ing-wen, however, assured that the country will work with the industry to address these issues.

“This industry’s continued success comes in the face of unimaginable global challenges, including significant uncertainty in supply chains. Even today, new challenges emerge, further escalating the situation. However, as in the past, our government will work closely with the industry to navigate these difficult waters,” Tsai’s statement said.

Tsai did not say whether the challenges facing the industry were related to the COVID-19 pandemic, which caused a chip shortage, or whether it was America’s ban on exports of Nvidia Corp A100 and H100 chips, and Advanced Micro Devices (AMD) MI250 chips, or global consumer demand, which is declining as a result of inflation, recession fears, and the effects of the Ukraine war, potentially affecting Taiwanese chip companies and the island’s export-oriented economy.

Tsa wants Taiwan to maintain its global leadership and encourage Taiwanese firms to build factories in the United States, Taiwan’s main international backer.

The source of this piece includes an article in Reuters.

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