TSMC boss frets about shortages of talent, water in Taiwan
He calls for increasing efforts to train more workers
Add BT as a preferred source
[TAIPEI] The head of Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chipmaker, said on Friday (Jun 12) that what his company lacks most is talent, while he also worried about water shortages.
Taiwan produces most of the advanced chips powering the artificial intelligence revolution, but the industry has long complained about what executives call the “five shortages” – water, power, labour, land and talent.
Speaking at a rain-drenched ceremony for a new science park in southern Taiwan’s Pingtung, TSMC CEO CC Wei said he was happy about the weather.
He said: “Just last month, I was still wondering: What should we do about water? Should we start using water trucks?”
Wei added that Taiwan President Lai Ching-te, who was present at the event, had told him of the government’s plans to connect the island’s reservoirs together.
“In that case, in the future I will no longer need to say that land, water or electricity may be in short supply,” he said.
Reservoirs in southern Taiwan, a much drier part of the island, generally drop over the winter, though heavy rain in the past week has helped replenish them.
In 2021, the island imposed widespread water controls, after the worst drought in its history.
“We may face shortages, but what we still lack most is talent,” Wei added, calling for increasing efforts to train more workers and keep people in largely rural Pingtung.
Lai, speaking after Wei, said the government was close to completing its plans to link reservoirs.
“Our problem is how to retain water, how to distribute water, and how to use water efficiently,” he noted.
He also outlined the ways the government is trying to attract and retain foreign talent in particular to help the tech industry, including by easing work-permit applications.
TSMC, a major supplier to Nvidia, is investing US$165 billion to build factories in the US state of Arizona.
However, the company has repeatedly said most of its production, along with research and development, will remain in Taiwan.
Wei said semiconductors have become “inseparable” from everything, and demand will continue to grow.
“Regarding semiconductors, Taiwan will definitely be the most important place,” he said. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
