TSMC Flywheel: Enable ur clients, they grow, new uses, U invent, Power their growth

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The TSMC business model operates on a self-reinforcing flywheel system where growth leads to increased revenue and technological advancement. TSMC's initial positioning behind competitors has transformed over a decade into a leading status as they constantly refine and enhance manufacturing processes, achieving better performance capabilities for their customers. This empowerment allows fabless companies to reach greater markets, resulting in larger customer bases. The recurring cycle of enabling clients to grow fuels TSMC's revenue, which can then be reinvested into further innovation. Over time, while competition has diminished significantly—from 22 leading companies down to just 2—TSMC stands poised to launch advanced processes first, thereby consolidating its market advantage. They prioritize empowering their clients over self-promotion, focusing on technological leadership rather than marketing efforts.

It's time. We dive into the unbelievable history behind the quietest technology giant of them all — and as of recording the world's 9th (!) most valuable company — the Taiwan Semiconductor Manufacturing Company. This story checks every box in the Acquired pantheon of greatness: China, America, MIT, Don Valentine, Silicon Valley, "real men" looking silly, and... moats literally built by lasers. We're not kidding. Pull up a seat and settle in for a great one!

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Episode Sources: https://docs.google.com/document/d/1rQMgQDY5c3Fs5DsjB4cZHVZGdhN4kK-6HapO_r7pjyQ/edit?usp=sharing

Carve Outs:

Ted Lasso (Season 1): https://tv.apple.com/us/show/ted-lasso/umc.cmc.vtoh0mn0xn7t3c643xqonfzy
Greek: https://www.imdb.com/title/tt0976014/
Who is Michael Ovitz?: https://www.amazon.com/dp/B07B2HS77M/

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