In the Media

The New Yorker’s Gideon Lewis-Kraus details how Morris Chang ’52, SM ’53 founded the Taiwan Semiconductor Manufacturing Company (TSMC), “one of the most valuable tech companies globally” that “makes almost all of the world’s advanced [computer] chips.” “Chang proposed a semiconductor ‘foundry,’ which would do for pricey chips what its predecessors had done for cheap junk. At the time, however, the market didn’t exist,” writes Lewis-Kraus. “By the end of TSMC’s first decade, the company was bringing in a billion dollars in annual revenue.”