Joanne Chow

Right before I really walked into the factory, I was super excited.

And I finally walked into the company that is so important in the supply chain.

But after I walked in that building, it looks exactly just like an old building and

not really that fancy.

Almost 40 years ago, the CEO at that time was Maurice John, figured out that we need to specialize in just part of the

chips manufacturing part, not designed it, not to compete with other clients.

So those companies who have a lot of thoughts that they want to design the chips, but they don't have the money to build out of a factory, they can use TSMC as their factory.

They need a whole supply chain to cooperate with them, including materials, chemicals.

Equipment company, including ASML, that everybody knows they're dominant in the lithography systems.

And they need to build out the fabs.

You need to buy a land.

The construction, electricity, water, chemical, and combining all of the things together.

And then you can manufacture trips.

That's cost all of the process that expensive.

So the 70% is actually based on their revenue.

When we are moving into 2 nanometer or even 1.4 or 1 nanometer in the future, basically TSMC is still dominant in the market.

There are three major suppliers in the advanced process, including Intel, Samsung, and TSMC.

But Intel and Samsung is, in the past, they designed their own chips, made their own chips, and then sell it by themselves.

So considering the capacity share, TSMC is actually really dominant in the most advanced part.

If there is no Taiwan in the world, basically there is no technology that can produce all of the AI things.