At 55 he founded the most important company in the world

The world's largest capitalization companies were founded in garages, college dorms or small restaurants by extraordinarily young entrepreneurs.
Bill Gates was 19, Steve Jobs was 21.
Jeff Bezos and Jensen Huang were 30.
But what may be the most important company in the world was founded by Morris Chang when he was 55 years old.
As the Wall Street Journal points out, no one at that age has ever managed to create and lead to success a company worth as much as the Taiwan Semiconductor Manufacturing Company, better known as TSMC, the chip manufacturer that makes essential parts for computers, telephones , cars, artificial intelligence systems and many of the devices that are part of our daily lives today.
To date it capitalizes almost 725 billion dollars.
Chang had a long career in the chip business, so long that he would have become a legend in his field even if he had decided to retire in 1985.
Instead he reinvented himself, revolutionizing his industry.
But be careful not to think that he has been successful DESPITE his age.
He was successful THANKS to his age.
read also Why does the Taiwan earthquake threaten the global economy? What Chang has built is unlike any semiconductor company in the world.
It's very likely that you, the reader, use a device with a chip made by TSMC every day, but TSMC doesn't actually design or market these chips.
Once upon a time, companies designed chips and then produced them themselves.
But here's Chang's radical idea: His semiconductor company should produce exclusively chips designed by its customers.
By not designing or selling its own chips, TSMC has never competed with its customers.
In exchange, customers can not worry about managing factories, expensive and sophisticated facilities.
This innovative business model permanently transformed the industry and made TSMC indispensable to the global economy.
The founder of TSMC has shaped the chip business for the past 70 years and still plays an important role today.
His longevity places him at the top of the list of people most responsible for developing the world's most vital technology.
As demand for chips intensifies and relations between the United States and China become increasingly strained, the world is increasingly dependent on TSMC.
And there are many questions about the future of this company that Chang founded in Taiwan, a geopolitically vulnerable island.
And which today is also the case from an environmental point of view.
The world's largest chipmaker is working to resume operations after the strong earthquake that hit Taiwan last Wednesday.
Taiwan Semiconductor Manufacturing Company largely operates on the opposite side of the island, although the company said its facilities had suffered some shaking.
TSMC temporarily evacuated some manufacturing facilities following the earthquake, but later said staff were safe and could return to work.
Chang, now 92, officially retired as president of TSMC in 2018, but the chip pioneer continues to be a beacon for the company and the entire industry.