Anyone who believes TSMC moat or competitiveness is a day dreamer. Once US takes action, investors will know whether TSMC has a wide enough corporate moat or competitiveness.
Category: Operation and Business
How was TSMC originally founded? Not by Morris Chang
The real founder of TSMC should be the Taiwanese government in the 1970s and 1980s, and several very visionary economic bureaucrats who came up with the idea; it was not Morris Chang.
High growth country generally have poor stock returns
In developing countries, high growth country, many profitable, large-scale, and monopolistic companies are state-owned or even unlisted companies. If companies that benefit from economic growth are not listed on the market and shared with the majority of shareholders, it will be difficult for the stock market to reflect the fruits of the country’s economic growth.
IBM decision-making mistakes in the past 4 decads led to today’s outcome
IBM has made major and irreparable mistakes in decision-making on many major issues; it can be said that IBM decision-making mistakes caused today’s predicament.
A series of Intel decisions led to where it is today
In Intel’s sixty years, the company has only had eight CEOs. But there are only two kinds of these eight: extremely good and terrible. The performance of these two types of Intel CEOs can be said to be very different: Intel decisions during their respective tenures resulted in the current miserable state of Intel we see.
How’s IBM performing these years?
How’s IBM performing? 12 years ago, IBM’s market value was about the same as Microsoft’s, But what now? IBM’s current market value is only one-sixteenth of Microsoft’s!
Gelsinger faces a impossible mission, time is running out
Gelsinger must understand that time is running out for him.
How bad is Intel right now?
They believe that Intel’s current team structure is too bloated, leading to problems such as weakened employee motivation and low management efficiency. “At least 30,000 people should have been laid off a few years ago.”
Mong-Song Liang, the hero of SMIC’s breakthrough in US blockade
Almost all Taiwan’s media circles label Mong-Song Liang a traitor, which I really disagree with. History will give Mong-Song Liang a fair justice. He is the biggest contributor of Samsung’s 14nm, SMIC’s 20nm, 14nm, 7nm, 5nm and beyond
How does Buffett manage Berkshire?
Buffett’s two managing principles for Berkshire