Morris Chang: How a $1 Job Offer Created TSMC, the World's Most Important Company

Taiwan's Strategic Economic Shift

• 💡 Taiwan transitioned from labor-intensive manufacturing (like textiles) to high-end chip production to accelerate wealth creation and become an advanced industrial economy.
• 🚀 This strategic pivot directly led to the founding of TSMC, a company now responsible for manufacturing advanced chips for global tech giants such as Apple, Tesla, and Nvidia.

Morris Chang's Formative Years

• 🌍 Born in war-torn China in 1931, Chang's early life involved constant displacement, which instilled in him a strong sense of survival and competition.
• 🎓 He pursued higher education in the United States, attending Harvard and later specializing in mechanical engineering at MIT.
• ⚠️ Failing his MIT PhD qualifying exams, initially a **