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Half of the story. Taiwanese government gave Morris Chang blank check to build Taiwanese chip industry and provided 48 percent of the funding. Li Kwoh-ting (e
by nabla9 3y ago
Half of the story.
Taiwanese government gave Morris Chang blank check to build Taiwanese chip industry and provided 48 percent of the funding. Li Kwoh-ting (economist and politician, "Father of Taiwan's Economic Miracle") transformed Taiwan from agricultural society into tech-giant. Without Li, there would be no TSMC. Early on Taiwanese government decided to focus on two areas: plastics and electronics. Both paid off, but electronics really took off.
- wslh 3y agoTaiwan was really smart either. People don't live in a vacuum. Except in very rare cases.
- rospaya 3y agoSounds like it would be a cool book to read.
- sherr 3y agoA good book on semiconductors is "Chip War" by Chris Miller. It talks at length about TSMC and Morris Chang. Great book. [1] https://www.simonandschuster.co.uk/books/Chip-War/Chris-Miller/9781398504127 https://www.simonandschuster.co.uk/books/Chip-War/Chris-Mill...
- ahartmetz 3y ago> plastics and electronics Ah - computer fans! They are everywhere in Taiwan, I've seen them on food carts for ventilation ;)
- newyankee 3y agoHopefully a channel like Asianometry can shed more light on the political nuances that helped them and why such a thing could not happen in other countries. The blank check, fast decision making and having the right limited geography and talent had to be leveraged, and good leadership was the catalyst needed.
- nabla9 3y agoI suggest "How Asia Works: Success and Failure in the World's Most Dynamic Region" (2013) by Joe Studwell