How did Morris Chang establish TSMC at Age 55, currently valued at 897 Billion US dollars
Morris Chang founded TSMC in 1987 at age 55, revolutionizing the semiconductor industry with the innovative business model of a dedicated foundry, focusing solely on chip manufacturing while clients specialized in design. Despite setbacks, including being forced to leave General Instrument in 1983, Chang leveraged his extensive experience at Texas Instruments and as an advisor at ITRI to propose the idea of “specialized IC manufacturing services” at 55. With support from Taiwan’s government and investments from ITRI and Philips, he assembled top talent and built on ITRI’s semiconductor expertise to establish TSMC. Starting with 220 employees, TSMC grew to become the world’s largest foundry, cementing Taiwan’s global semiconductor leadership and proving that entrepreneurship thrives on vision and execution, regardless of age.