TAIWAN’S EMERGENCE AS the critical hub of the most important supply chain in the world was the result of a remarkable confluence of events: unusually skillful and well-timed state-planning by Taiwan at a moment when it was barely emerging as a democracy; remarkable vision by a single brilliant engineer, Morris Chang, a Harvard-and-MIT-educated U.S. immigrant who left Texas Instruments in disgust when he felt underappreciated; and a series of astoundingly bad business judgments made in the United
