This briefing is incredibly thorough - the learning curve pricing section alone is worth studying for anyone in capital-intensive industries. What really hit me was how Morris Chang basically created the modern fabless ecosystem by accident through sheer persistance, when the initial plan was just to make Taiwan slightly richer. The counter-positioning insight is spot-on too, TSMC's neutral foundry model made it impossible for Intel/TI to respond without cannibalizing themselves, which is classic disruption theory playing out in hardware. One thing I'd push back on slightly is the aliens joke in the geopolitical section - the fragility feels very real given how concentrated advanced packaging still is in Hsinchu despite Arizona diversification. Also the 'never make strategic decisisons based on economics' lesson from Intel/Apple is haunting, especially since Intel could've owned mobile chips entirely. Great work synthesizing the podcast.
This briefing is incredibly thorough - the learning curve pricing section alone is worth studying for anyone in capital-intensive industries. What really hit me was how Morris Chang basically created the modern fabless ecosystem by accident through sheer persistance, when the initial plan was just to make Taiwan slightly richer. The counter-positioning insight is spot-on too, TSMC's neutral foundry model made it impossible for Intel/TI to respond without cannibalizing themselves, which is classic disruption theory playing out in hardware. One thing I'd push back on slightly is the aliens joke in the geopolitical section - the fragility feels very real given how concentrated advanced packaging still is in Hsinchu despite Arizona diversification. Also the 'never make strategic decisisons based on economics' lesson from Intel/Apple is haunting, especially since Intel could've owned mobile chips entirely. Great work synthesizing the podcast.