TSMC Chairman Morris Chang calls on administration to let market drive innovation (2017/04/20)
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  • 英文 English 
    TSMC Chairman Morris Chang calls on administration to let market drive innovation (2017/04/20)

    Morris Chang, the chairman of the world's largest contract chipmaker, TSMC, has called on the Tsai administration to allow the market, rather than the government, to drive innovation. At an industry lecture on innovation, Chang went on to call on the government to improve Taiwan's business environment by streamlining regulations and improving infrastructure.

    Having been invited to lecture about innovation, TSMC Chairman Morris Chang spoke frankly of the need to strengthen the domestic business environment.

    Morris Chang
    TSMC Chairman
    I think water, power, and environmental impact assessments are barriers to manufacturers, and they need to be addressed. Aside from that, I actually don't think there's much the government can do.

    Chang also spoke out on behalf of the financial services sector, saying existing laws were impeding investment. When it came to the government's claim that boosting innovation requires economic restructuring, Chang disagreed.

    Morris Chang
    TSMC Chairman
    You can't rush innovation. Innovation doesn't happen when the government says, "I want you to innovate, I want you to restructure." That won't lead to innovation. Innovation relies on market mechanisms.

    The recent appreciation of the Taiwan dollar has also taken a significant toll on the domestic tech sector. Asked what TSMC was doing to mitigate exchange rate issues, Chang seemed at a loss.

    Morris Chang
    TSMC Chairman
    I think the rise of the NT dollar is of course bad for exporters, but the only thing to do is to endure. There's no way around it.

    In TSMC's first-quarter results released last week, revenues were slightly lower than expected, and net profit was down 12.5 percent from the previous quarter, mainly due to foreign exchange losses.
    中文 Chinese  
    政府倡創新要轉型 張忠謀:需靠市場機制



    [[台積電董事長 張忠謀]]


    [[台積電董事長 張忠謀]]


    [[台積電董事長 張忠謀]]

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