The Industrial Technology Research Institute (ITRI) was established in Taiwan in 1973 with the goal of rapidly advancing the nation's technological capabilities, particularly in electronics. This government-backed initiative successfully transformed Taiwan from a low-cost manufacturing hub into a global leader in the semiconductor industry. ITRI achieved this by licensing foreign technology, training local firms, and fostering the creation of major companies, most notably TSMC, which now produces 60% of the world's chips. AI
RANK_REASON This article details a historical government industrial policy that led to the creation of a dominant global industry.
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