Taiwan Semiconductor Manufacturing Co. C.C. Wei warned of Beware of the Dangers of Export controls by the government that are too restrictive can damage mutual relations. trust between countries.

“Export controls and banning products from other foreign countries destroy productivity and efficiency gained under globalization, or at least they reduce benefits offered by a free market,” Wei was speaking at an industry event held in Taipei, Saturday. “But the scariest thing is that mutual trust and cooperation among countries is beginning to weaken,” He said that distortions in the market lead to higher prices and he encouraged politicians to find an alternate solution. 

More information from the US Blacklist Chinese escalating trade tensions and companies earlier in the week. It included dozens of Chinese technology companies on its so-called Entity List, making it almost impossible for them to procure critical foreign components and ratcheting up a trade conflict between the world’s two largest economies.

Washington’s action followed the Biden administration’s implementation of tough export controls two months ago to prevent China from buying or making leading-edge semiconductors — crucial for the Asian nation to leapfrog the US in areas such as artificial intelligence and supercomputing. Japan and the Netherlands are among key US allies that plan to implement at least some of these measures. of Bloomberg News has the latest US regulations. reported

Multilateral export controls can create many problems of challenges for China’s chip industry, Wei said. 

TSMC is now building plants in Arizona and Japan amid growing concerns from customers and major governments that the world’s chip production is too centralized in Taiwan.

Wei said TSMC is constructing new fabs to satisfy its customers’ demand rather than fulfill requests from foreign governments. 

The plant that the Taiwanese chipmaker, Chipmaker Taiwanese is building in Kumamoto in Japan is designed to help Sony Group Corp. supply sufficient chips TSMC’s biggest customer, a reference to Apple Inc. Apple has also said it will be the biggest customer for TSMC’s new plant in Arizona.

Wei also said it’s not easy to replicate Taiwan’s chip industry in another country as TSMC’s success was built over more than 30 years with help from its suppliers.

“Globalization is almost dead. Free trade is almost dead,” TSMC’s founder Morris Chang said at a speech at the opening ceremony of A plant from Arizona was photographed last week. “I really don’t think they will be back for a while.” 

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