The Taiwan Semiconductor Manufacturing Company's (TSMC) founder Mr. Morris Chang has shared his views on the company's current environment.
Morris Chang full speech:
I watch his full speech. I gotta say, Chang is quite accurate in pointing out his competitors. Chang said China is at least 5 years behind TSMC and 1 to 2 years behind on IC design compare to US/Taiwan. The cost of running a foundry in US is much higher than Taiwan and the real competitor to TSMC/Taiwan is South Korea because both countries is very similar from engineers to management.
He take couple jabs at Intel. Intel decline his proposal on investing in TSMC and poop-poop on foundry business model. He said it's ironic that Intel is coming to the foundry model with IDM 2.0. Chang talk about the history of semis industry from Fairchild all the way to Intel domination in semis from late 1980s until recently. TSMC have surpass Intel for the first time in 2021.
INTC current market cap: 258.10B USD
TSMC current market cap: 561.66B USD
I respect Morris Chang for what he've done for the semis industry.