Taiwanese President Lai Ching-te, in his National Day address, called for Taiwan to develop a "chain of guardian mountains" across its economy. He urged the nation not to rely solely on Taiwan Semiconductor Manufacturing Co. (TSMC).
The statement highlights TSMC's critical role as a pillar of Taiwan's economy. President Lai also called for strengthening other industries to broaden the nation's economic foundation.
The President's speech followed a week of positive financial news for TSMC. The company reported record third-quarter revenue. This was driven by surging demand for advanced AI chips.
President Lai's remarks underscore TSMC's geopolitical and economic significance. The United States and Japan have encouraged TSMC to diversify its global manufacturing footprint. This aims to secure the semiconductor supply chain.