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Why does Taiwan dominate the semiconductors market?

sourcream · 2022
Stack Exchange · Datasets · License: CC BY-SA · 2022
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competitioneconomicsinternational-trademarketstechnology
The recent visit of US politician Nancy Pelosi to Taiwan generated a lot of news about the dependence the world has on Taiwan, given its dominance of the semiconductor market. But I couldn't find information on what makes Taiwan so unique. Wikipedia has a Semiconductor industry in Taiwan article that has some historical information, but falls short of providing what sets Taiwan apart. How did this tiny little island end up leading this strategical market so profoundly and why cannot much bigger nations compete?
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