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Debby is in Taiwan. Things are getting awkward between the two companies. But first...
Today is the top tech news.
The beef is chip beef.
There is a lot of talk about supporting American chipmaking. Politicians have become fond of saying that it is a matter of national security and that there is a way to address future shortages.
The global leader in the chip industry, Taiwan Semiconductor Manufacturing Co., has had some uncomfortable moments because of the new patriotic fervor.
Pat Gelsinger, the CEO of Intel Corp., has been saying for months that it is risky for the US to rely on Asian chipmakers. He said last Wednesday that China's military threat against Taiwan makes the island "unstable."
TSMC fired back on Friday. It was the first time that I had ever heard of a Taiwanese giant admonishing a customer. Mark Liu, Chairman of TSMC, told reporters on the sideline of a tech forum in Taipei that not many people will believe what Intel says. TSMC does not attack its peers. TSMC executives have always described Intel as a customer rather than a peer.
It will be a negative thing for the United States to subsidize only American companies. TSMC is positive about the expansion of capacity by non-U.S. chipmakers. It's a great thing. Two years ago, we decided to build a new Fab in Arizona.
TSMC is building a $12 billion manufacturing facility in Arizona and plans to mass produce advanced 5-nanometer chips in the state by 2024. South Korea's SAMSUNG ELECTRONICS is planning a new $17 billion facility in Texas. Both of these companies have received support from the U.S. government and could potentially benefit from the CHIPS Act.
The chip industry is deeply global according to the speaker. Taiwanese suppliers ship some of the chemicals required by Intel to the U.S. Even made-in-the-U.S.A. products still rely on the outside world.
TSMC and Intel have a complicated relationship. The founder of TSMC, Morris Chang, had a birthday party attended by the company's chief executive officer, C.C. A person present at the event said that TSMC's market cap has exceeded that of Intel.
According to the person who was there, Chang said that the head that wears a crown was not easy. Debby said that she had confidence in you and that you should remain uneasy.
If you only read one thing.
Ordinary people are putting their lives at risk when supply chains are not running. The race for more chips turned deadly.
Here is what you need to know.
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