Fable: The Government IC Initiative Which Worked
Once upon a time in a far-away country, the government announced a ‘Semiconductor Industry Promotion Plan.’
It chose four companies to spear-head the Plan.
Eleven years later, one of these companies entered the ranks of the world top ten
producers where it has remained ever since.
Two of the four chosen companies gave up.
The fourth company is in and out of the top ten depending on market conditions.
Moral: Perspiration beats inspiration.