The story of their business involvement reads like a thriller, and it makes you wonder: Is there something personal between the two great Changs of the chip business - Morris and Richard?
Morris, of course is the long-time Chairman, and occasional CEO, of the world's No.1 silicon foundry TSMC.
Richard founded two silicon foundries WSMC (Worldwide Semiconductor Manufacturing Corporation) and SMIC (Semiconductor Manufacturing International Corporation).
Both of the chip industry's Changs did a lengthy stint at Texas Instruments. Morris was 25 years a TI-er ending up as group vp for the semiconductor business; Richard built six fabs for TI.
In 1997, after taking early retirement from TI, Richard returned to
For Chang, who was not yet one year-old at the time,
In the year he returned to Taiwan, 1997, Richard Chang set up WSMC as a foundry competitor to TSMC. However, in 1999, before WSMC got going properly, it was bought out, against Chang's wishes, by TSMC.
Stung at being forcibly separated from WSMC, Richard Chang raised $1.6 billion from a group of
He looked around for a suitable place to set up another foundry company, and to build more fabs, and was offered a good deal by the mainland China government which had been trying, unsuccessfully, to spawn a semiconductor industry for a couple of decades.
The Taiwanese government immediately swung into action, saying it was illegal for Richard to raise money in
The Taiwanese government fined him NT$5m, and threatened Chang with confiscation of his assets in
In 2000, however, Richard Chang, went ahead. He told people that he wasn't just thinking about making money, he wanted to: "Share God's love with the Chinese."
Chang, a devout Christian, thought the communists of
He recruited a team of engineers from companies around the world, including engineers from TSMC, and set out to build fabs in
In 2004, SMIC IPO'd raising $1.8b billion and repaying his VC backers at a profit.
Meanwhile, TSMC had sued SMIC for infringement of trade secrets and the case rumbled on for years before, reportedly, being settled earlier this week in a deal which involves SMIC paying $200m to TSMC.
Also, this week, Richard Chang resigned from SMIC.
Clearly Morris' interventions have not been helpful to the aspirations of his namesake.
Is it, one wonders, just business? Or is it personal?