Morris Chang on TSMC, Apple, Nvidia, and the Foundry Revolution

The discussion explores TSMC's origins, its pivotal relationships with companies like Nvidia and Apple, and the strategic decisions that propelled its success. Chang discusses key moments, including overcoming manufacturing challenges, embracing fabless business models, and capitalizing on the smartphone revolution. He also shares insights into the company's culture and the importance of continuous technological advancement, particularly regarding capital expenditure and research & development. The episode offers a deep understanding of TSMC's historical context and its strategic significance in the global technology landscape, as well as an explainer of its business model that is a key part of why the company has become so important. The sponsors of the podcast have stories that are woven into the episode.