News Summary

• Taiwan Semiconductor Manufacturing Company (TSMC) is a cornerstone of the global chip supply, accounting for roughly 70% of the world's foundry production.
• In a recent interview with the BBC, TSMC's Chief Financial Officer, Wendell Huang, cited inflation as a reason why the chip maker could be forced to hike prices.
• Huang explicitly said that TSMC would not suddenly raise prices "fourfold, fivefold" for customers despite inflation causing the company's costs to increase.