This monologue podcast features Dr. Morris Chang, founder of TSMC, delivering a speech at MIT. He recounts his career journey, highlighting key moments like his failure to get into MIT's PhD program (which he considers fortunate), his role in founding TSMC, and the company's innovative foundry model. Chang discusses the pervasiveness of chips, the history of semiconductor technology (including Moore's Law), and Taiwan's advantages in chip manufacturing, emphasizing the importance of skilled technicians and a stable workforce. He concludes by reflecting on the changing global landscape of the chip industry, suggesting that the current trend away from free markets and globalization towards industrial policy and subsidization may ultimately reduce efficiency and resilience.