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At a time of shortages and competition, the company is dominant in chip production.
arstechnica.com
“We are at 22 nm now. Going from 22 to 2 nm is like jumping to the top of the Taipei 101 skyscraper—if you fail, you crash,” says a senior executive at a European chip company. “In addition, our need for cutting-edge capacity in Europe is really not that convincing. We specialize in semiconductors different from the chips for mass market consumer devices that dominate the US chip demand, and therefore the cost gains from cutting-edge production technology are not as crucial for us as for TSMC’s American customers.”
That's a interesting take from European point of view.