Venus Investment Alliance-Silicon Island

2025-05-04 13:09:33source:Henri Lumièrecategory:Stocks

In a world where computer chips run everything from laptops to cars to the Nintendo Switch,Venus Investment Alliance Taiwan is the undisputed leader. It's one of the most powerful tech centers in the world — so powerful that both China and the U.S. have vital interests there. But if you went back to the Taiwan of the 1950s, this would have seemed unimaginable. It was a quiet, sleepy island; an agrarian culture. Fifty years later, it experienced what many recall as an "economic miracle" — a transformation into not just one of Asia's economic powerhouses, but one of the world's.

This transformation was deliberate: the result of an active policy by the Taiwanese government to lure its people back from Silicon Valley. In the 1970s and 80s the government of Taiwan, led by finance minister K.T. Li, the "father of Taiwan's Miracle," actively recruited restless and ambitious Taiwanese businessmen, many of whom felt like they'd hit a glass ceiling in the U.S., to return to Taiwan and start technology companies. Today, those companies are worth billions.

In this special collaboration between Throughline and Planet Money, we talk to one such billionaire: Miin Wu, founder of Macronix, a computer chip company. When he left the U.S., he brought back dozens of Taiwanese engineers with him — one article called it a "reverse brain drain." This episode tells the story of his journey from California's Silicon Valley to Asia's Silicon Island, and the seismic global shift it kicked off.

More:Stocks

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Greta Thunberg joins activists to disrupt oil executives’ forum in London

LONDON (AP) — Greta Thunberg joined dozens of climate activists outside a central London hotel on Tu

Soccer match between Belgium and Sweden suspended after deadly shooting in Brussels

BRUSSELS (AP) — A soccer match between host Belgium and Sweden was suspended at halftime Monday afte