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Rising Taiwan-China and U.S.-China tensions have brought "more serious" challenges for the semiconductor industry, the chairman of Taiwanese chipmaker TSMC said on Wednesday. TSMC is the world's largest contract chipmaker and Asia's most valuable listed firm.
Speaking at the Taiwan Semiconductor Industry Association's annual convention, TSMC Chairman Mark Liu said: "The U.S.-China trade conflict and the escalation of cross-Strait tensions have brought more serious challenges to all industries, including the semiconductor industry." Liu said he looked forward to Taiwan's industry, government and academia developing "more concrete, constructive measures" on industrial policies related to innovation, research, talent education and retention "to maintain Taiwan's most critical semiconductor industry advantages". He noted that 2022 the "industry value" of Taiwan's chip sector is expected to have risen 1/5 compared with 2021, even with the impact of Sino-U.S. trade friction and geopolitical problems. Liu did not make direct mention of the sweeping set of export controls announced by the US, aimed at slowing China's progress in advanced IC manufacturing, is expected to also impact Taiwanese chipmakers. The new rules required of U.S. companies to cease supplying Chinese chip makers with equipment to make advanced ICs. "The difficulty this time will be a very big challenge," Frank Huang, chairman of Powerchip Semiconductor Manufacturing Corp , said "We do business on both sides of the Strait. So we can't listen to the U.S. and not do any business with mainland China. Then what would everyone eat?" Huang said. "Our industry's position is to maintain our competitiveness."