The Institute Behind Taiwan’s Chip Dominance—Asterisk
TSMC (and most of Taiwan’s chip industry) spun out of one government research institute. How did ITRI implement one of the most successful industrial policy programs of all time?
The Institute Behind Taiwan’s Chip Dominance—Asterisk TSMC (and most of Taiwan’s chip industry) spun out of one government research institute. How did ITRI implement one of the most successful industrial policy programs of all time? In 1973, Taiwan was a humble middle-income country. Its GDP per capita, adjusted for purchasing power and inflation, was $8,000 — on par with Nicaragua or Bangladesh today. Its main exports were cheap consumer electronics and textiles, and “Made in Taiwan” branding was a symbol of low cost rather than technological sophistication. The country was trying to attract
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