Being a global powerhouse will bring TSMC more scrutiny, much of it unwanted, from both clients and regulators.

Just 10 days ago, I noted that Taiwan Semiconductor Manufacturing Co’s earnings and outlook served as proof that it’s truly the global king of chips. Since then, the company has grown even stronger, but more good news also increases the burden and will likely draw far more attention than it is comfortable with.

Being bigger and more indispensable sounds like a great position to be in. Yet that could also irk competition regulators, clients and governments that, amid a tech cold war, worry that one company may have become too powerful.

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