Morris Chang, age 94, founded Taiwan Semiconductor Manufacturing Co. (TSMC) and grew it into the world’s largest chipmaker serving clients like Apple, Nvidia, and Qualcomm. Chang worked at Texas Instruments for two decades before starting TSMC at age 55. He built his career by achieving significant, measurable results in each role and by embracing challenging risks rather than chasing higher pay. Chang emphasizes following intrinsic interests, learning by doing, and concentrating production in a single location to accelerate learning and improve yields. These practices underpinned TSMC’s operational strength amid rising AI-driven chip demand.
You need to follow your interests, not where you think the big money is. Because, obviously, back in 1985, the big money was thought to be in financial venture capital, or maybe even continuing to manage a company in the U.S., but I felt that the Taiwan opportunity appealed to me from the interest point of view. As it turned out, when you don't chase money, money comes to you.
it was so new, and appeared to be so challenging.
accomplished something significant
It works, the learning curve, the experience curve, it works only when you have a common location,
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