TSMC founder Morris Chang believes US based chip production will be an 'exercise in futility'

pcgamer.com:

We've posted several stories over the last few months talking about efforts by US-based companies to boost domestic semiconductor manufacturing capabilities. Intel in particular is spending billions of dollars to expand its US as well as European manufacturing capacity. It's one of several US-based companies that are pushing for the approval of the CHIPS for America act. Intel CEO Pat Gelsinger believes the bill is critical to protect the future of the US semiconductor industry.

Recent comments from Morris Chang, the founder and former CEO of TSMC, put a spotlight on many of the issues that the US faces in rebuilding its domestic chip manufacturing industry.

Chang was a guest of the Brookings Institution think tank (via The Register). Speaking on Tuesday, Chang said that the US simply doesn't have the fabrication talent pool needed to expand and succeed. He said the US has the best design talent, but its education system can't deliver the thousands of skilled manufacturing workers that are needed.

There's also the issue of labour costs. Labour is cheaper in Asia, and this was highlighted by Chang when he talked about setting up TSMC's Oregon-based facility. He said: «We really expected the costs to be comparable to Taiwan. And that was extremely naive… We still have about a thousand workers in that factory, and that factory, they cost us about 50 percent more than Taiwan costs.» Chang went on to say, «Right now you're talking about spending only tens of billions of dollars of money of subsidy. Well, it's not going to be enough. I think it will be a very expensive exercise in futility».

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