We flew to Taiwan to interview TSMC Founder Morris Chang in a rare English interview. In fact, the last long-form video interview we could find was 17 years ago at the Computer History Museum… conducted by the one-and-only Jensen Huang! This episode came about after asking ourselves a version of the Jeff Bezos “regret minimization” question: what conversations would we most regret not having if the chance passed Acquired by? Dr. Chang was number one on our list, and thanks to a little help from Jensen himself, we’re so happy to make it happen. Dr. Chang shares the stories of a few crucial moments from TSMC’s history which have only been written about in his (currently Chinese-only) memoirs, including how TSMC won Apple’s iPhone and Mac chip business and a 2009 discrepancy with NVIDIA that almost jeopardized their relationship, and the lessons he took from them. We can’t think of a better way to kick off 2025. Please enjoy! Sponsors: Rippling: https://bit.ly/acquiredrippling [https://bit.ly/acquiredrippling] Statsig: https://bit.ly/acquiredstatsig25 [https://bit.ly/acquiredstatsig25] Odd Lots: https://bit.ly/acquiredoddlots [https://bit.ly/acquiredoddlots] ServiceNow: https://bit.ly/acquiredsn [https://bit.ly/acquiredsn] Links: * Worldly Partners’ Multi-Decade TSMC Study [https://worldlypartners.com/businesshistory] * Karina Bao’s writing [https://karinabao.substack.com] Carve Outs: * AAA [https://www.aaa.com] * Defunctland [https://www.youtube.com/defunctland] * Everything Everywhere all at Once [https://www.imdb.com/title/tt6710474/] * Asianometry [https://www.youtube.com/asianometry] More Acquired! * Get email updates [https://www.acquired.fm/email] with hints on next episode and follow-ups from recent episodes * Join the Slack [http://acquired.fm/slack] * Subscribe to ACQ2 [https://pod.link/acquiredlp] * Merch Store [https://www.acquired.fm/store]! © Copyright 2015-2025 ACQ, LLC Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.