Semiconductors are a weapon in the U.S.-China trade war. Can this chipmaker serve both sides?
Semiconductors are a weapon in the U.S.-China trade war. Can this chipmaker serve both sides?
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What a difference two months can make. In May, Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, lost the business of Huawei Technologies—its biggest Chinese customer and the source of 13% of its revenue—as a casualty of geopolitical jockeying between superpowers. But TSMC shareholders took the loss in stride. And by late July, after a stumble by rival Intel,…
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