OK, time for a history lesson. As an officer of the Electrochemical Society (a professional society for battery technology and semiconductor professionals) I had the opportunity to meet Morris Chang the founder of TSMC a long time ago. At that time he was working at Texas Instruments. He gave a paper at one of our conferences defining the concept of the wafer foundry which at that time was unheard of as everybody was vertically integrated and did all of their semiconductors in house. Not getting a reception in the USA for his idea (in particular at TI) he went home to Taiwan where the president of Taiwan at that time happened to be a visionary. When is the last time we’ve had a politician that was one of those in America? The President of Taiwan asked Morris what it would take to become a world leader in semiconductor manufacturing and Morris said "About a Billion Dollars." The President said, "Here you go now go and do it." Thus TSMC was born. Morris raided IBM and AT&T Bell Labs for the best Chinese talent available, convincing them to come back home. He then started developing his foundry model meaning he would develop a standard process and make chips for whomever wanted them using their mask sets. While American companies went to what they euphemistically called "An asset light model" meaning they were unwilling to spend the billions needed to build new fabs (Motorola, TI, Intel to a degree and AMD) the government of the US, as it always does, failed to comprehend that whomever controlled semiconductor production basically ruled the world. No way was the USA going to do what the government of Taiwan did and subsidize the crucial semiconductor industry so we let our industry fall behind. Morris always wanted to be at the leading edge of technology and was willing to take great chances, and with the support of the Taiwanese government, succeeded in achieving this goal. He wasn't satisfied to achieve a milestone in the lab, a common failing of the American way, the milestones he valued were to be able to be put into mass production. 35 years later TSMC is miles ahead of everybody and may be the most important company in the world.