‘Not afraid’: TSMC brushes off mainland chip rivals amid AI boom

Taiwan Semiconductor Manufacturing Co (TSMC) chairman C.C. Wei said the world’s largest contract chipmaker was “not afraid” of competition from mainland China, dismissing concerns that advances by Huawei Technologies and Chinese foundries could threaten its position in the global semiconductor industry. Responding to a shareholder’s question at TSMC’s annual shareholders’ meeting on Thursday, Wei said competition had been a constant throughout the company’s four-decade history and that it would...