TSMC CEO said he views customers as partners but the company must still remain profitable.

The State Council has published Regulations on outbound investment, MOFCOM said. Key measures: strengthen services by building a comprehensive overseas service system and improving institutional support to provide legal protection for Chinese firms participating in international cooperation and competition; optimize management by improving the outbound investment management framework and reinforcing investor primary responsibility; and bolster protection via enhanced monitoring, early warning and risk assessment, guidance on security risk prevention, and creation of an investment-barrier investigation mechanism to protect investors’ safety and lawful rights. MOFCOM, as the主管department for outbound investment, will coordinate with other ministries and local governments on implementation and offer investor guidance to raise outbound investment service and management standards.

TSMC (TSM.N) CEO said the company is boosting mature-node wafer capacity, adding fabs to meet Japanese CMOS image-sensor demand and German automotive and industrial demand.