Rights Sold: Japanese   The significance of the chip supply chain in global power competition can no longer be overlooked. Even if you believe the ongoing global chip war holds little relevance for you, there is still an island that is deeply intertwined with your tech-driven lives. Boasting 70 percent of the world's semiconductor manufacturing capacity and 90 percent of the most advanced ones, this island is none other than Taiwan, home to a company known as TSMC. Transforming from a small semiconductor foundry to a global leader in semiconductor manufacturing, today, TSMC's every move carries significant implications for global power dynamics and the world economy.   For three decades, Taiwanese journalist Lin Hong-wen has borne witness to the remarkable growth trajectory of Taiwan's semiconductor industry. In this captivating book, Lin draws upon his extensive archive of interviews and commentaries to provide firsthand insights into the success story of Taiwan Semiconductor Manufacturing Company (TSMC), the management philosophy of its leaders, the company’s competitive strategies, and its leadership transition. Set against the backdrop of geopolitical tensions, Lin also delves into TSMC's investments in the United States and Japan, the competitive landscape of the global semiconductor industry, and the pivotal role that Taiwan plays in the world’s semiconductor value chain.   Lin possesses a distinctive viewpoint within Taiwan’s semiconductor industry that equips him to guide readers in understanding its past, present, and future. He also reflects on why TSMC has become so formidable, how Taiwan's semiconductor industry has persevered and thrived through adversity, and the challenges it currently faces. Through the book, the author shares his front-row perspective with readers, enabling them to feel as though they are on the front lines of the chip war, journeying alongside the key figures and living through the events.   Table of Contents:   Forword   The TSMC When I Was 19                 Steve Ho, Taiwan internet serial entrepreneur known as the father of Taiwan’s e-commerce Forword   The TSMC Way: a Successful Model that Creates a Taiwan Miracle                 Dr. Quincy Lin, former TSMC Senior Vice President & Chief Information Officer Forword   TSMC's Winning Formula: Building a Coexistent and Prosperous Ecosystem                 Stan Shih, co-founder of Acer Inc. & former board member of TSMC Forword   A Journal that Follows the Development of a Corporate Giant             Nojima Tsuyoshi, Japanese journalist & author specializing in the Greater China region Forword   Putting the Customer First: Learning from the Past to Guide the Future                 Sega Cheng, co-founder & CEO of iKala, a leading AI transformation solutions provider Forword   Reporting with Responsibility and Drawing Informed Conclusions Dr. Chiang Shang-Yi, Chief Strategy Officer for Semiconductor at Foxconn & former joint Chief Operating Officer at TSMC   Preface      Where Does It Go from Here for a Company with Unhidden Radiance Introduction  An Island that Radiates   Part I       Business Blueprint and Strategy Dad Told Me to Work at TSMC Because It Sounded Like a Government Job Morris Chang: It's Called 'Silicon Casting,' Not Semiconductor Foundry Making the Right Choice at Every Stage to Ensure Seamless Transition to the Next One The Unsung Heroes at TSMC To Achieve Tremendous Profits, Turn the Manufacturing Business into a Service The Rise of TSMC and UMC: The Twin Towers in the Semiconductor Foundry Sector M&A Wars on the Chip Island: TSMC Completed Mergers with TASMC and WSMC Tough Times Ahead for SMIC, No Threat to TSMC Samsung is Formidable, but Not a Worthy Competitor Why Has the DRAM Industry Lost its Luster? TSMC Grand Alliance: Building a Circle of Winners Morris Chang’s Determined Return as CEO Took the Company to New Heights Retaining All Talent Yet Another Miraculous Achievement for TSMC? Has TSMC’s Next Generation of Leadership Emerged?   Part II      Business Operation and Management Everyone Carries a Trace of Morris Chang Meetings Are Meaningful Only When They Are Turned into Actions Witnessing the Supply Chain Resilience of Taiwan's Semiconductor Industry Leading in Every Aspect Except Price, Leaving Competitors in the Dust When He Banged his Smoking Pipe, Tore Up Reports, and Shouted ‘Get Out!’ When SMIC Infringed Patent Rights, How TSMC Strategically Forged Ahead to Win Vigilantly Guarding Against Talent Poaching and Trade Secret Leaks On the Eve before Board Meetings: Steaks and Fine Wine at the Dinner TSMC Goes to America: How Do Taiwanese Manage Americans? Not Just Innovating Technology, but Investing in Innovative Technology Long Hours, Poor Software, and Minimal Investment in Employees   Part III    Corporate Culture and DNA The Little Paper Clip on the Guest Registration Book An International Enterprise from Day One Looking at the Long-Term: Accelerating Depreciation and Amortization in Five Years Semiconductor Foundry: Why Taiwan Leads Globally Keeping a Low Profile Despite Being Ultra-Rich Competition is What Keeps You Running An Employee Profit Sharing and Stock Ownership Scheme with Taiwanese Characteristics Succession Based on Merit, Not Connections Top Talent on Mundane Tasks? Diligence and Professionalism: Striving for Excellence in Everything   Part IV     R&D and Technology Leadership A Stunning and Shattering Move The Legendary Six Knights of TSMC R&D, Now Only Four Remaining Facing Off Against Two 800-Pound Gorillas: The Unrelenting ‘Nighthawk Troop’ Building Another Moat with 7-Nanometer Technology A Vast Intellectual Property Vault Implementing Knowledge Management to Become a Learning Organization The COVID-19 Pandemic, Ukraine-Russia Conflict, and the Disruptions and Reshuffling of Supply Chains A Promising Technology to Break Through Moore’s Law The New Ecosystem of Taiwan's IC Design Services and IP Industry Looking to the Next 20 Years from Three Perspectives First-Rate Universities Training Operators for TSMC? Taiwan’s Semiconductor Industry Faces Unprecedented Talent Shortage The Endgame between TSMC and Samsung Early Strategic Positioning for Emerging Memories   Part V      Geopolitics Sanctioning China Doesn't Necessarily Mean the U.S. Should Return to Semiconductor Manufacturing Where Are the Chips Made? U.S. IC Design Industry and China's Vast Market The Catfish Effect  and the Clustering Effect From Made in Taiwan to Made by Taiwan Why Go to the U.S.? It's All About the Customers! Don't Just Focus on the United States: Investing in Japan Is the Real Key TSMC's JASM Marks a New Chapter for Taiwan-Japan Alliance What’s Next for Taiwan-Japan Semiconductor Collaboration? Why Did Japan's Semiconductor Industry Decline? Is TSMC the Next Toshiba, Heading to a Downfall? Has the U.S.-China Chip War Defeated Ren Zhengfei? What Are We Really Fighting For? Who Are We Fighting For? Is Taiwan's Semiconductor Industry Truly Number One in the World?   Conclusion       Cherishing the Hard-Earned Fruit