April 2024
Intermediate to advanced
160 pages
5h 15m
English
Content preview from Globalization
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Chapter 7 From globalization to fragmentationFrom the end to the beginning of history
7.1 “Globalization is almost dead”
On 6 December 2022, a symbolic event took place in Phoenix, Arizona. Morris Chang, the legendary father of Taiwan’s semiconductor industry and founder of the powerful Taiwan Semiconductor Manufacturing Corporation (TSMC), was giving a celebratory speech at a new plant for advanced chip production which the Taiwanese undisputed market leader was going to open in the US town. This was two decades after the company’s first investment overseas, in Camas, Washington State. Beside the ritual celebration, the speech reached a dramatic climax when Dr. Chang, referring to the global semiconductor industry ...
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