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Odd Lots cover image

The Story of How TSMC Came to Dominate the World

Odd Lots

NOTE

Building Industry Support for a New Venture

Morris Jung understood the importance of gaining industry support for his new venture, TSMC. Despite having government backing and deep pockets, he sought a cornerstone investor to ensure vested interest in the company's success. After American companies showed reluctance, Phillips, a Dutch company with a background in semiconductors, stepped in as a founding investor with a 30% stake, demonstrating belief in the vision of TSMC.

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