Dr. Morris Chang

bodyguards, and went to a neighborhood market and got the Chinese-style breakfast. Chinese bread, you know, fried bread, you know. I don't know whether you ever had it or not. Probably not. Yeah, yeah. Buns, you know, soybean milk. And take enough of that breakfast, enough for 25, 30 people. And back to the park and distribute them to the protesters. And they were thankful, you know. Yeah.

bodyguards, and went to a neighborhood market and got the Chinese-style breakfast. Chinese bread, you know, fried bread, you know. I don't know whether you ever had it or not. Probably not. Yeah, yeah. Buns, you know, soybean milk. And take enough of that breakfast, enough for 25, 30 people. And back to the park and distribute them to the protesters. And they were thankful, you know. Yeah.

And they actually decided to not go to the president's palace, president's mansion. And they told my wife that they would not do that that day. And all this kind of precipitated my taking back the CEO job. Well, there's another thing. I told the previous CEO before he laid off the 600, 700 people.

And they actually decided to not go to the president's palace, president's mansion. And they told my wife that they would not do that that day. And all this kind of precipitated my taking back the CEO job. Well, there's another thing. I told the previous CEO before he laid off the 600, 700 people.

I said, if you, because I knew, as I said, I knew that it would be his knee-jerk reaction to confront a crisis such as the crisis we had It would be his knee-jerk reaction to lay off. So I said to him, if you want to lay off, bring her to the board. I'll call a special board meeting. And I knew what I would ask the board to do, which was not to grant the permission.

I said, if you, because I knew, as I said, I knew that it would be his knee-jerk reaction to confront a crisis such as the crisis we had It would be his knee-jerk reaction to lay off. So I said to him, if you want to lay off, bring her to the board. I'll call a special board meeting. And I knew what I would ask the board to do, which was not to grant the permission.

But he decided to circumvent that, the CEO, because he What he did, he did not consider it to be layoff. It was just punishment for the poor performers. Well, as far as the CEO is concerned, I did keep him. I had more than one nice talk with him. I intended to, and I told him that he was still a potential successor to me.

But he decided to circumvent that, the CEO, because he What he did, he did not consider it to be layoff. It was just punishment for the poor performers. Well, as far as the CEO is concerned, I did keep him. I had more than one nice talk with him. I intended to, and I told him that he was still a potential successor to me.

So I kept him at the same job grade, we have job grades, and the same salary and bonus. But he was now the president of new businesses. And back then, you know, we had high hopes for the so-called new businesses, which was solar cells, and LED.

So I kept him at the same job grade, we have job grades, and the same salary and bonus. But he was now the president of new businesses. And back then, you know, we had high hopes for the so-called new businesses, which was solar cells, and LED.

Ended up the biggest marketing, biggest market opportunity. Why is it so ironic?

Ended up the biggest marketing, biggest market opportunity. Why is it so ironic?

I know. And I knew that. I did not really mean, I did not really think that solar or LED would really replace our integrated circuits business. But I knew the integrated circuits business was going to be great, you know. But at that time, which was 2009, at that time, we also thought that solar and LED was going to be very promising. But it didn't work out, of course.

I know. And I knew that. I did not really mean, I did not really think that solar or LED would really replace our integrated circuits business. But I knew the integrated circuits business was going to be great, you know. But at that time, which was 2009, at that time, we also thought that solar and LED was going to be very promising. But it didn't work out, of course.

The solar business could have been pretty good, however, China ruined it. They subsidized the hell out of it. And they now control that business, solar cells. the prices were extremely low, still low, still low. So it didn't take off. TSMC service didn't take off. And LED did not take off either because LED, it's not, the market is not as big as solar. However, it's controlled the patents.

The solar business could have been pretty good, however, China ruined it. They subsidized the hell out of it. And they now control that business, solar cells. the prices were extremely low, still low, still low. So it didn't take off. TSMC service didn't take off. And LED did not take off either because LED, it's not, the market is not as big as solar. However, it's controlled the patents.

are controlled by just a few companies. And they wouldn't let the few companies that control the patents of LED would not let up at all. So a few years later, the CEO that was put on the new businesses decided that his new assignment wasn't working out either, so he quit.

are controlled by just a few companies. And they wouldn't let the few companies that control the patents of LED would not let up at all. So a few years later, the CEO that was put on the new businesses decided that his new assignment wasn't working out either, so he quit.

He is now a vice chairman and the CEO of MediaTek, yeah.

He is now a vice chairman and the CEO of MediaTek, yeah.