TSMC has a market share of more than 50% in chip manufacturing, and makes the vast majority of cutting-edge chips. Securing chip supply is now an issue of national and economic security for the United States, China and other major countries, putting Taiwan's dominance into question.
- Chip shortages will not be solved until next year; all aspects of manufacturing will be affected.
- Most products only need lower-end chips and Chinese producers are likely to satisfy this demand by producing higher volumes.
- Companies will explore silicon alternatives and shift to cloud computing, where connecting devices can run on slower chips.
- Competition will intensify for talent necessary to run chip fabrication plants.