Morris Chang
Founded TSMC in Hsinchu in 1987 after 25 years at Texas Instruments, inventing the 'pure-play foundry' model: a fab that manufactures chips designed by other companies and competes with none of them. That single structural idea now underpins most of the global chip-design industry.
In 1985, after being passed over for the top job at Texas Instruments despite running its semiconductor group, Chang accepted an invitation from Taiwan's government to lead the Industrial Technology Research Institute. Two years later he founded TSMC with funding from the Taiwanese government and a technology-licensing deal with the Dutch electronics firm Philips, which took an equity stake — a foundry built almost entirely on capital and know-how borrowed from elsewhere.
“Giving up owning the whole stack can let a company outgrow rivals who insist on controlling every layer themselves.”