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Maybe the bigger surprise is that both companies are led by Taiwanese Americans.

What's the story behind the semiconductor industry being centered at Taiwan of all places?

Mostly government incentives... the taiwanese government had amazing foresight when most other countries didn't and was well positioned to attract their nationals back from the USA (at the time intel / TI veterans) to build out taiwain's hardware manufacturing sector.. which eventually led to the founding of TSMC.. and the rest is history. Right time and place, but more importantly, a government with amazing judgement and foresight.

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