Econ 4450 (2010) Note 20 - Econ 4450 Note 20 1 Case 12...

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Econ 4450 Note 20 1
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Case 12 Taiwan’s semiconductor foundries The foundry industry in Taiwan is interesting because TSMC, the larger of the two major firms has an interesting history – a joint venture between a spin-off of a government lab and a multinational conglomerate, and evolved into a private firm. It is high-tech, without its brand-name product, also hugely successful internationally for almost two decades. It seems to represent the industrial policy of the Taiwanese variety, blending government, market and institutions. 2
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issues about Taiwan’s semiconductor foundries. From the technical point of view, the following can be said: 1.‘Capitalism expands wealth primarily through creative destruction—the process by which the cash flow from obsolescent, low-return capital is invested in high-return, cutting-edge technologies ‘(Alan Greenspan, 2002). 2.Microelectronics, or semiconductor in particular, is a GPD
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Econ 4450 (2010) Note 20 - Econ 4450 Note 20 1 Case 12...

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