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Morris Chang Quotes
born 1931 Taiwan
Morris Chang Chung-mou (Chinese: 張忠謀; born 10 July 1931) is a Taiwanese billionaire business executive and electrical engineer. He is the founder of Taiwan Semiconductor Manufacturing Company (TSMC) and was the company's chief executive officer (CEO) from 1987 to 2005, and its chairman until 2018.
Random Morris Chang quote
10 quotes
Without national security, we will lose everything, everything that we value. By all means, let’s avoid even a Cold War, if we can.
Buying machine tools from the US and Netherlands, and materials and chemicals from Japan. Taiwan's success story is not about Taiwan doing it alone, but a story of integration of the best in the world.
There's no question in my mind that at least in the chip sector, globalization is dead. Just look at the way China has been embattled. Free trade is not quite that dead, but it's in danger.
You cannot understand the modern world without putting semiconductors at the center of your analysis, and you cannot understand the semiconductor industry without putting TSMC at the center of the story.
The conductivity of a semiconductor is between that of a conductor (metal) and an insulator (wood). You can control the conductivity of the semiconductor. In short it is between metal and wood, so we call it semiconductor.
In Japan, we have graduates from trade schools that are very willing to be trained to be precision equipment manufacturers. As a result, the equipment stays up 90 percent or higher. In the US, it's only 60 percent.
Why is TSMC successful in Taiwan? Because TSMC also gets good, well-trained technicians, and even well-trained operators from a lot of trade schools in Taiwan. … Their students aspire to make a good living as technicians.
Some people are now saying that we have a "protective mountain of the nation". If the definition of that is an industry that is important to the world and Taiwan has a high market share, then you need to find an industry where Taiwan has potential advantages and it’s important to the world.
Of course professional managerial leadership is important too. I think TSMC is the largest company in Taiwan and led by professional managers, everyone from the chairman down. Of course, there are disadvantages as well, but I do think that to set up a world-class enterprise, deploying a professional managerial leadership is still a better model.
American talents are not as good as Taiwanese ones, whether it’s engineers, technicians, foremen, or operators. The personnel dispatched by Taiwan to the US, like I said, are not necessarily the best in terms of management ability. The US also lacks the ability to mobilize manufacturing personnel on a large scale.
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