From Fortune Magazine:

The Hsinchu Science Park in Taiwan is an essential hub for some of the world’s most influential tech companies. The park was once a manufacturing hub for PCs but now focuses on high-end semiconductor production. There are about 500 tech companies located in the park. Many governments are trying to replicate Taiwan’s success with domestic subsidies for chip manufacturing.

The park is home to major chipmakers like TSMC, UMC, and MediaTek. These companies have had a significant influence on Taiwan’s economy. Taiwanese companies, particularly those in Hsinchu, are the leaders in the semiconductor industry. For example, companies like TSMC and UMC have major clients such as Apple, Nvidia, and Qualcomm.

Hsinchu Science Park has been crucial to Taiwan’s tech industry success. The park provides infrastructure and training programs that make it easy for firms to get established and find partners and skilled workers. The success of the park has led to significant revenue amounts generated.

The park once had a not-so-great reputation but now plays a significant role in Taiwan’s economy. There was a time when the park was known as a graveyard, but it has now become a vital and dynamic tech hub. There was a lack of infrastructure in the past, but now it is the center of Taiwan’s and the world’s chip industry.

Many governments, including the U.S., China’s mainland, and Japan, are investing heavily in domestic semiconductor manufacturing, trying to replicate the success of Hsinchu Science Park. But Hsinchu remains the center of Taiwan’s— and the world’s—chip industry. Success breeds success; the bigger and deeper the ecosystem, the easier it is for companies to succeed.



Read more: How Hsinchu Science Park became the center of the global chip industry