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TSMC: Semiconductors and Borders of Light

The Generalist

CHAPTER

Moore's Chang's Playbook

In the 1960s, companies like Fairchild semiconductor and Texas Instruments started shifting labor to Asia. Morris Chang's best decision was to make TSMC a pure-play foundry. Apple is now the company's largest customer. Without sustained R&D spending or ASML's tooling, it could not have achieved such dominance.

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