Taiwan is a major producer of chips used in everything from cars and smartphones to data centres and fighter jets, and Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is the world’s largest contract chipmaker and Asia’s most valuable listed firm.
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It comes as a ‘harrowing’ independent review looking into an alleged maternity scandal at East Kent Hospitals University NHS Foundation Trust, probing the deaths of up to 15 newborns, is due to be published this morning.
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TSMC’s dominance in making some of the world’s most advanced chips for high-end customers such as Apple Inc and Qualcomm Inc has shielded it in recent quarters from the downturn flagged by chipmakers including Micron Technology Inc. (Reporting by Sarah Wu; Writing by Ben Blanchard; Editing by Himani Sarkar & Simon Cameron-Moore)
More than 200 families gave evidence to the review which is expected to expose a catalogue of serious failings including how newborns died needlessly due to poor care planning over several years, while parents’ concerns were ignored.
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While the chips sector is already bracing for waning demand as red-hot inflation squeezes spending, Taiwan faces a tougher situation – sandwiched between its largest export market China and its main international backer and arms supplier, the United States – especially as Beijing steps up military pressure to force Taipei to accept Chinese sovereignty claims.
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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”.
Ahead of publication, Dr Kirkup said an expert panel investigating maternity care at East Kent Hospitals University NHS Foundation Trust heard a lot of ‘harrowing accounts’ from families during their work.
HSINCHU, Taiwan, Oct 19 (Reuters) – 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.
Ms Gittos has told how she felt ‘blamed’ for how to learn coding for kids the death of her baby, and was horrified to learn that maternity staff had written in her notes she and her partner had refused medical care when they had not.
While Liu did not make direct mention of it, the sweeping set of export controls announced by the United States this month, aimed at slowing China’s progress in advanced chip manufacturing, is expected to also impact Taiwanese chipmakers.
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