TSMC CEO: Tariffs Ultimately A Matter Between Governments
Reuters
03 Jun
June 3 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd <2330.TW>:: *TSMC CEO: WE’VE BEEN IN COMMUNICATION WITH THE U.S. DEPARTMENT OF COMMERCE ABOUT TARIFFS FROM EARLY ON *TSMC CEO: WE EXPRESSED CONCERN THAT HIGHER TARIFFS WOULD INCREASE TSMC’S PRODUCTION COSTS IN THE U.S. *TSMC CEO: TARIFFS ARE ULTIMATELY A MATTER BETWEEN GOVERNMENTS — NOT BETWEEN A GOVERNMENT AND A COMPANY *TSMC CEO: NOT LIKELY TO HAVE CUSTOMERS IN THE MIDDLE EAST *TSMC CEO: TOLD TRUMP VERY DIFFICULT TO BUILD ALL $100 BILLION INVESTMENT IN THE U.S. IN FIVE YEARS; IT WILL TAKE TIME *TSMC CEO: NO IMPACT SO FAR FROM DESIGN TOOL RESTRICTIONS ON CHINA *TSMC CEO: POWER SUPPLY IS FAR AWAY FROM BEING A SHORTAGE, BUT IT IS TIGHT; TAIWAN GOVERNMENT TOLD US IT MIGHT BE TIGHT, BUT ENOUGH *TSMC CEO: WE HAVE ASKED GOOGLE, MICROSOFT, AMAZON, FACEBOOK HOW MUCH CHIP DEMAND THEY NEED; THEY HAVE SHARED INFORMATION WITH US
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