In response to a question raised by investors about the Donald Trump’s “U.S made policy”, Mr. Chang made the above response. He stressed that TSMC is not winning customers by reducing labor costs, but by being good. In fact, TSMC’s labor costs in Taiwan is even higher than in the United States.

He pointed out that, for years, TSMC has been in the assessment to establish factory in the United States, but it did not make that decision. The reason is that basing in Taiwan can deliver better performance.

TSMC often send hundreds of engineers to different production bases, to quickly solve the production problems of customers, and Taiwan is very convenient to perform it for its size. If move to the United States, TSMC will lose this advantage, Chang explained.

Moreover, TSMC has nearly 100 customers based in Taiwan, which is another key point cannot be replaced. Therefore, TSMC has not decided to set up production bases in the United States.

TSMC today announced consolidated revenue of NT$262.23 billion, net income of NT$100.20 billion, and diluted earnings per share of NT$3.86 (US$0.61 per ADR unit) for the fourth quarter ended December 31, 2016.

Year-over-year, fourth quarter revenue increased 28.8% while net income and diluted EPS both increased 37.6%. Compared to third quarter 2016, fourth quarter results represent a 0.7% increase in revenue, and a 3.6% increase in net income.