Closing one gap is not the same as replicating the stack.
This isn' t just a “node vs node” competition.
— NoiseToAlpha (@noisetoalpha) May 25, 2026
Huawei may find clever ways to improve density and latency, but $TSM moat is the full system:
process technology, CoWoS/SoIC, yield, packaging, HBM integration, customer ecosystem and high-volume execution.
Closing one gap is not…