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TSMC warns China-U.S. deleveraging will drive up costs
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TSMC warns China-U.S. deleveraging will drive up costs
The deleveraging of China-U.S. supply chains and protectionism on both sides of the Pacific will only drive up costs and limit the flow of ideas, the chairman of Taiwan Semiconductor Manufacturing Co Ltd said on Wednesday. The Trump administration has limited supplies to Chinese tech firms like Huawei Technologies Co Ltd, viewing them as a security threat, and is encouraging U.S. factories in China to move home, part of a broader China-U.S. trade war. China, for its part, is trying to nurture tech champions of its own like SMIC , its biggest chipmaker, and wean itself off reliance on U.S. suppliers.
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