Few of the 1,000-plus companies in Taiwan's semiconductor galaxy are visible outside the industry. Fewer still achieve global fame.
of ASE, the world's largest independent semiconductor testing and packaging company.
TSMC's Chang, though far from the wealthiest, wields the most influence at home and abroad, both politically and industrywide. At 92, Chang's high profile is an exception rather than the norm. He was Taiwan's representative to the Asia-Pacific Economic Cooperation summit, a regional multinational gathering, for six times.
Chen of Hua Nan Financial Holdings recalls that TSMC and UMC were spun off from the state-funded research lab, ITRI, his employer at the time."The government had absolute control in the early days, but it no longer does," Chen says. Based on the same foundry business model that Chang pioneered, Taiwan eventually built itself into a silicon island just as it made the transition into a vibrant democracy.
Chipmaking is labor intensive in that engineers need to keep a close watch on the intricate manufacturing process, working overtime and always on call, Wang notes. There are other local families with traditional wealth that jumped on the tech bandwagon early, whose tech startups now rank among the industry's top ten.
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