On June 4, 2026, China's Observer Network reported that TSMC Chairman C.C. Wei, chairman of Taiwan's leading semiconductor foundry, dismissed South Korean Samsung Electronics' declaration of a catch-up as "a pipe dream," and emphasized Taiwan's overwhelming advantage.

The article stated that when TSMC held its general shareholders' meeting on the 4th, regarding South Korean Samsung Electronics' declaration that it would "overtake TSMC within 10 years" in the contract manufacturing sector, Chairman Wei dismissed it, saying, "They are dreaming," and pointed out that competitors have been saying "we will catch up in 10 years" for the past 20 years.

According to the article, Chairman Wei explained that while South Korea is the largest producer of memory semiconductors for data storage, Taiwan has the greatest production capacity for high-performance logic semiconductors used in artificial intelligence (AI) and other applications.

He further emphasized that a strong ecosystem, centered around TSMC and including assembly companies, is Taiwan's unique strength that South Korea cannot easily imitate, and expressed confidence that Taiwan will maintain its industrial advantage forever.

The article also touched upon Nvidia CEO Jensen Huang's planned visit to South Korea on the following day, the 5th, and mentioned that Chairman Wei said, "His visit to South Korea was discussed with me in advance. I even know what kind of chicken he will eat." CEO Huang also praised TSMC as being 10 years ahead of other companies, thus conveying the close relationship between TSMC and Nvidia.