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> Things like TSMC were started in a lonely garage in a warehouse district in Taipei. What a romantic reinterpretation of reality. TSMC was founded by a guy wh
by iforgotpassword 4y ago
> Things like TSMC were started in a lonely garage in a warehouse district in Taipei.
What a romantic reinterpretation of reality. TSMC was founded by a guy who studied at MIT and then worked in semiconductors at Texas Instruments for over twenty years, after which he was tasked by Taiwans government to develop the country's technological sector.
> USA have given a few planes here and there but that's not even close to 1% of the support to have given Taiwan's rise.
Maybe if you total it over the last 6 decades or so. It's hardly surprising they don't need financial support for their economy today. In the 50s, their GDP didn't even hit one billion yet, and over that decade and the early 60s, the US provided more than 2 billion dollars in financial aid, in the early years over 10% of their GDP. No other Asian country ever received that much financial aid (in relative terms). This was absolutely a relevant factor that jump started their economy.