Abstract Warfare: How TSMC Made Its Own Market

The most important tech companies are much larger than their original markets or what anyone imagined. There is something about them that defies anyone’s ability to estimate their market size. These companies not only expand their market, they seem to make their markets. They do it by attacking the abstractions their industry is built on, not their competitors’ products. They change what it takes to participate in the industry, creating shared infrastructure out of the core of their competitors’...