Newspaper article China Post

TSMC Boss Slams Government over China Brain Drain

Newspaper article China Post

TSMC Boss Slams Government over China Brain Drain

Article excerpt

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TAIPEI, Taiwan -- The outspoken Taiwan Semiconductor Manufacturing Co. (TSMC, [...]) Chairman Morris Chang ([...]) slammed Premier Lin Chuan on Monday for failing to stem a brain drain of technology talent.

Such workers had been poached by China, Chang said during a meeting at the Executive Yuan on Monday evening, who added "the government should think hard on how to keep them and draw more of them to Taiwan."

"Simply offering subsidies is not good enough," Chang reportedly said.

Despite the budget for high tech development having been upped by 3 percent to NT$111.1 billion for next year, Chang warned that without the right environment, Taiwan's semiconductor industry will become a "one way road," where talent only departs and never arrives.

Backing Chang's statement, Ko Chen-en ([. …

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