Speaker unverified: belief

Transcript context

…But wasn’t the original plan to stop building after Fab 2? No. That was only the very initial plan. We were never going to stop there. We were just talking about learning curve. How could we plan to? If I didn’t know anything about learning curve, I would say, yeah, maybe we’ll stop after two. But I was a serious student of learning curve and I would never stop at just two, perhaps. Here’s why I say unlikely success. There were so many reasons why the original incarnation of TSMC was a bad business. Fabless was not a thing yet, until all of your initial customers were the integrated device manufacturers, the Intels of the world, and you were taking their worst excess. You were their second source supplier for manufacturing on the stuff that they didn’t want to make on their own. Did you see fabless coming, or was that a very lucky thing?…

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