Shocking Formosan Arrogance

TSMC chairman and founder Morris Chang warned last month of higher operating costs and a thin talent pool for the U.S. plans in a rare public speech attended by Wei and chairman Mark Liu.

 "In the United States, the level of professional dedication is no match to that in Taiwan, at least for engineers," Chang said. He warned that "short-term subsidy can't make up for long-term operational disadvantage."

Illustration: A Spanish map of Keelung Harbour "Descripcion del Puerto de Los Espanoles', when the island was a colony.