Philips

Founders · May 5

The Life Story of Akio Morita: Founder of Sony

Morita's visit showed him a world-class company could come from a small place, which shaped Sony's purpose of changing the image of Japanese goods.

Acquired · Jan 20

TSMC

It was the only chipmaker to invest in TSMC, taking 28% of the $220 million raise after Intel and TI declined. It also co-founded ASML in 1984.

Tips

• Chang kept TSMC alive on drags from big chipmakers until fabless startups arrived▶ 1:14:14Intel and TI declined to invest, and only Philips, which Chang called the first rung of the second raiders, took a stake.
• Chang founded TSMC with zero equity and then bought shares with his own cash▶ 1:02:13TSMC's market cap was about $550 billion at the time of recording, from $4 billion at the 1994 Taiwan IPO.