Dovey "Rug the fiat" Wan (hiring)(@DoveyWan):Mainland China and Taiwan both have the state capacity to cushion industrial power shocks. But Taiwan found a much rarer comparable advantage: state empower, not state run. TSMC was built with public capital, subsidized policy, yet operates with private sector protocol and relentless global competition. It gets the strategic value of an SOE without inheriting the politics administrative drag like many state promoted China semi SOEs. That institutional design is a moat in itself, and a major reason I remain structurally bullish on Taiwan semis.

Dovey "Rug the fiat" Wan (hiring)@DoveyWan

2026.10.14 17:29

Mainland China and Taiwan both have the state capacity to cushion industrial power shocks. But Taiwan found a much rarer comparable advantage: state empower, not state run. TSMC was built with public capital, subsidized policy, yet operates with private sector protocol and relentless global competition. It gets the strategic value of an SOE without inheriting the politics administrative drag like many state promoted China semi SOEs. That institutional design is a moat in itself, and a major reason I remain structurally bullish on Taiwan semis.

Primitive Ventures@primitivecrypto

2026.10.13 15:00

Many overlook a key driver of Taiwan’s economic strength: its long-standing price-stabilization policy Industrial power rates have remained unchanged since October 2024, with government funds covering Taipower’s losses That has helped keep inflation under control, giving Taiwanese companies relatively stable funding and operating costs Corporate excellence + state backing = Taiwan’s resilient AI supply chain