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09-10-2017, 02:14 PM
86-Year-Old Billionaire iPhone Chipmaker Retires Just as His Industry Heats Up
By Samson Ellis , Yuan Gao , and Cindy Wang
October 9, 2017, 5:00 AM GMT+8
One of the most influential technological revolutions began with an unsuccessful offer.
In 1984, an acquaintance of Morris Chang’s sought help raising $50 million to set up a chipmaker, a request he rebuffed until the friend could come up with a written proposal. The man never returned. Chang later found out his friend had located a factory willing to do the work on his behalf, so only needed a fraction of the money.
That “led me to this idea of a pure-play foundry,” said Chang, who three years later would start Taiwan Semiconductor Manufacturing Co. to make chips designed by others. “I was actually disappointed, but it also got me thinking.”
More details in https://www.bloomberg.com/news/articles/...y-heats-up
By Samson Ellis , Yuan Gao , and Cindy Wang
October 9, 2017, 5:00 AM GMT+8
One of the most influential technological revolutions began with an unsuccessful offer.
In 1984, an acquaintance of Morris Chang’s sought help raising $50 million to set up a chipmaker, a request he rebuffed until the friend could come up with a written proposal. The man never returned. Chang later found out his friend had located a factory willing to do the work on his behalf, so only needed a fraction of the money.
That “led me to this idea of a pure-play foundry,” said Chang, who three years later would start Taiwan Semiconductor Manufacturing Co. to make chips designed by others. “I was actually disappointed, but it also got me thinking.”
More details in https://www.bloomberg.com/news/articles/...y-heats-up
Specuvestor: Asset - Business - Structure.