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REPATRIATION OF STRATEGIC INDUSTRIES
The Original Reason Chip Companies Moved from The Usa to Taiwan in 1987

TSMC’s founder, Morris Chang, a semiconductor industry veteran from Texas Instruments, saw an opportunity to create a dedicated semiconductor foundry in Taiwan, a move that would significantly influence the global semiconductor industry.

Taiwan’s government also played a crucial role by offering incentives and support to the semiconductor industry. This, coupled with Taiwan’s lower labor costs and the ability to attract skilled engineers, made it an attractive location for chip manufacturing.

This explains the strategic and economic advantages that Taiwan offered to the semiconductor industry, which led to the shift of chip manufacturing from the USA to Taiwan in the past.

This is how we lose strategic industries: but not defending them. The function of the State in Strategic Industry is to act as a venture capitalist and obtain a share of the returns in appreciation and dividends – reducing tax burdens.