TSMC says it’s working hard to control costs, lifted partly by Ukraine war

TAIPEI: Taiwanese chipmaker TSMC said on Thursday that while war in Ukraine has impacted the company’s costs, customers need not worry about the impact being passed on in price hikes.

“War happening in a far away place – the Ukraine war – has ripple effects that reach us,” said Taiwan Semiconductor Manufacturing Co’s CEO C.C. Wei, speaking at the company’s annual technology showcase in the chipmaking hub of Hsinchu.

TSMC is the world leader in manufacturing advanced chips used in technology from smartphones to data centres.