Zhang Zhongmou: The Great Depression Will Not Be Repeated

TSMC Chairman Zhang Zhongmou yesterday (8) interviewed by senior media person Chen Wenji said that the Atlantic financial crisis is unlikely to cause the Great Depression in the 1930s to happen again, and there is no fear of a major impact on the semiconductor market and TSMC.

Zhang Zhongmou returned to the post of chief executive after the financial tsunami at the end of 2008. Although he is already 80 years old, he emphasized yesterday that the energy is still very abundant. If he feels tired, he will withdraw from the CEO's job, but it is not so far. Feeling tired.

Zhang Zhongmou is very concerned about the changes in the global economy. He said that he has frequent contacts with several think tanks in the United States. He will attend meetings of the US think tanks once or twice a year to clearly understand the changes in the global economy, especially the economy and finances of the United States.

The financial issues in Europe and the United States are hot topics in the near term. The market has always had doubts about whether it causes a secondary recession. Zhang Zhongmou believes that risks remain, but he does not believe that the Great Depression will occur in the 1930s. In the largest market, China will not. Let us return to the kind of closed situation in the past. In the next five to seven years, China will still be an export-oriented country.

As for Europe and the United States, for their own benefit, it is impossible to return to the era of the Great Depression. Observed by the Euro market, the countries in question such as Greece, Ireland, Spain, and Italy are all small countries in the euro zone. The addition of financial issues will not delay Germany and France. The problem with the United States is that politics is greater than finance, which is like raising the ceiling on public debt, but the final two parties will still compromise.

Zhang Zhongmou stated that TSMC is the most basic semiconductor technology company. Nowadays everyone uses electronic products such as mobile phones and computers, and they use more and more semiconductors. As long as semiconductors continue to be used, TSMC will continue to produce semiconductors. Basic components, the external environment will not have a major impact.