Morris Chang

I was born in 1931 into a middle-class family in China.

And I lived in China until I was 18 years old when I moved to the United States.

But then Taiwan beckoned, and the offer was to be the president of the Industrial Technology Research Institute in Taiwan.

We had no strength in research and development, or very little anyway.

We had no strength in circuit design, product design.

We had little strength in sales and marketing.

And we had almost no strength in intellectual property.

The only possible strength that Taiwan had, and even that was a potential one, not a obvious one, was semiconductor manufacturing.