TSMC Chair C.C. Wei: Moving Chip Plants Out of Taiwan Impossible Amid China Tensions

Jun 4, 2024, 08:10 AM

Taiwan Semiconductor Manufacturing Company (TSMC) has stated that it has discussed relocating its fabrication plants out of Taiwan, but such a move is deemed impossible. The company, which counts Nvidia and Apple among its major clients, has considered this step due to rising tensions between Taiwan and China. TSMC Chair C.C. Wei confirmed these discussions, emphasizing that moving the plants is impractical given the complexities involved. Additionally, TSMC has no plans for share buybacks or stock splits, citing high capital expenditure requirements for its investments. The information was reported by Reuters.