TSMC founder Morris Chang (right) attends the 65th annual meeting of the International Association of Judges to give a keynote speech in Taipei Monday. CNA photo Sept. 18, 2023 Taipei, Sept. 18 (CNA) Taiwan and its semiconductor industry have an advantage -- its engineers who are dedicated to their work, said Morris Chang (張忠謀), founder of contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), referring to the company's low employee turnover rate of only 4-5 percent a year. On the other hand, the turnover rate in the United States had ranged between 15 and 20 percent a year during the 1970s-80s, Chang said during a speech in Taipei Monday.

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