U.S. government efforts to shift production of processor chips from Asia to the United States will double their cost and slow the spread of their use in phones, cars and other products, the billionaire founder of the global industry’s biggest manufacturer warned Thursday.
Morris Chang of Taiwan Semiconductor Manufacturing Corp. said he supports U.S. efforts to slow China’s development of chip technology on security grounds. But Chang said he can’t understand why Washington wants to move so much manufacturing from efficient Asian sites to the United States.
