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Planet Money

Forging Taiwan's Silicon Shield

Planet Money

NPR

Business, News

4.6 β€’ 29.8K Ratings

πŸ—“οΈ 7 October 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

Taiwan is at the center of a global feud. Its main defense may be what some call its "Silicon Shield" β€” its powerful semiconductor industry. On today's show, the story of how one economic hero helped to transform Taiwan's economy and create the "Taiwan Miracle."

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Transcript

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0:00.0

This is Planet Money from NPR.

0:03.4

I don't know what a semiconductor does.

0:08.8

I don't understand it.

0:10.6

I've never understood it.

0:13.1

Well, semiconductor is a very simple way, right?

0:17.9

Sure, very simple.

0:19.5

If you are Min Wu, who runs a multi-billion dollar semiconductor company in what is now

0:26.0

the semiconductor capital of the world, Taiwan.

0:29.4

Semi means a half.

0:31.3

So this is not a conductor, but the end of certain conditions and they can conduct in

0:37.6

the current.

0:39.0

Semiconductors are these little electronic building blocks that can do all kinds of different

0:42.7

things.

0:43.7

Semiconductors are key to making microchips and microchips are critical parts of everything,

0:49.5

phones and laptops and satellites and even nuclear weapons.

0:53.6

But Min Wu fell in love with semiconductors way back in the 1960s when no one knew

0:59.3

exactly what they would become.

1:01.4

Min just knew that he was thrilled by the technology.

1:04.4

Min, when this was a new technology, like this was you were learning about it at school.

1:10.5

How did you explain this to your parents or your grandma even?

1:15.5

Well, fortunately, I don't have to explain to them because they have no interest in finding

1:20.6

out what I'm doing.

...

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