Taipei, Sept. 23 (CNA) Morris Chang, chairman of the world's largest contract chip maker, Taiwan Semiconductor Manufacturing Co. (TSMC), made it clear on Saturday that the company's production and research and development base will remain in Taiwan even with opportunities abroad.
Chang said that TSMC's base for production and R&D will remain primarily in Taiwan, although mainland China will be a vast market in the future, while answering questions from the audience at a 20th anniversary event for National Chiao Tung University's EMBA program.
The tech tycoon noted the huge market and opportunity that China presents during a speech on "Growth & Innovation," but clarified that being part of China's supply chain does not mean most of TSMC's production will move to China.
At the moment, TSMC's 12-inch wafer plant in Nanjing, eastern China, is projected to produce 20,000 wafers per month, accounting for just 2 percent of TSMC's total production capacity.
As such, the majority of TSMC's operations will remain in Taiwan, where Chang hopes the availability of such basic infrastructure as land, transportation, water and electricity, will make it possible for the company to continue to grow.
Chang, who was recently named one of the 100 most visionary business leaders in the world by New York-based business magazine Forbes, proved just why he is deserving of the title on Saturday when he said that TSMC does not need to transition or pivot to provide another service or product.
TSMC's management and service model is well positioned to handle the challenges of the digital age, he noted.