chip market
The fabless revolution
There was once a saying in Silicon Valley: "Real Men Have Fabs" - that is, real semiconductor companies are those that have their own fabrication ('fab') plants or factories. But in the late 1980s, this idea changed completely with the help of a new generation. These entrepreneurs used to design chips themselves, but outsource the manufacturing work, whose main partners were companies like TSMC. This newly born business model is called the 'fabless model'.
Intel's turnaround: Where fear becomes motivation
Intel President Andy Grove was a dynamic individual and he had true stories of hard work. He was a refugee from Hungary who had fled the Soviets and the Nazis. Timidity and discipline were his main mantras in running a business. In his famous book 'Only the Paranoid Survive', he wrote: "Fear of competition, fear of bankruptcy, and fear of failure - these are powerful motivators for people to move forward."