TSMC founder warns of costly consequences as globalization ends and chip war rages on.

TSMC founder Morris Chang said that globalization is over, at least for the chip industry, and this will lead to higher chip prices. He also supports US actions to slow the development of China's chip technology. The ongoing semiconductor battle between the US and China is leading to a split in the global supply chain that could affect chip availability. Despite this, Taiwan continues to dominate worldwide semiconductor manufacturing. TSMC is discussing subsidies with officials for the German state of Saxony about a new fabrication plant the chip giant is aiming to build there.