TSMC chairman pessimistic on economy, worries about timing of stock gains tax

Academia Sinica lowered its forecast for growth in Taiwan this year to under 2 percent on Wednesday. Some economists thought the estimate went too low, but listening to TSMC Chairman Morris Chang at the company's investor conference, it may not be far-fetched. Chang said an economic recovery still seems far away. TSMC Chairman Morris Chang was full of smiles at the investor conference when talk ...