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Automotive chip supply optimism moves up a gear
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Global fab equipment spending to hit almost US$100bil in 2022
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Spend on new fab equipment to hit $100bn in 2022
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Global Fab Equipment Spending Projected to Reach New High of Nearly $100B in 2022
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by Swarajya Staff - Jul 20, 2021 05:14 AM
Morris Chang, TSMC
Snapshot
Morris Chang, the founder of Taiwanese chip manufacturing behemoth TSMC, has expressed concern over the concerted efforts by nations to bring chip production onshore in a bid to achieve self-sufficiency in semiconductors.
While acknowledging that it was prudent for countries to have a chip-making capability for national security applications, Chang said that for the much larger civilian market, a supply chain substantially based on free trade system is by far the best approach.
U.S, Japan and European Union have unveiled plans for new wave of investment to keep chip manufacturing within their borders.