In the medium to long term, the most likely candidate that could beat TSMC is not Samsung Electronics, but Intel. South Korea, like Taiwan, sees its advantage in hardware manufacturing and cost efficiency. Even its branding business success means more on the hardware side; it is neither one that sets the rules of the game nor a game changer.

LCD panel makers worldwide are gearing up efforts to develop automotive displays and related solutions, believing that the developments of these products will enable them to get rid of the current business slump.

The European Chips Act proposed by the European Commission in February 2022 has yet to be adopted, but criticisms toward the act from within Europe’s semiconductor industry have never ceased. In a recent report published by the German newspaper Frankfurter Allgemeine (FAZ), industry leaders from Siemens to Infineon have again called for the adjustment and expansion of the EUR43 billion legislation.