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> semiconductor foundries: Why should Japan have excelled here vs any other country?

Japan did have a thriving semiconductor industry early on but key Japanese companies made wrong choices wrt technologies and obviously TSMC ran away with the market. Nikon was a competitor to ASML until the EUV revolution, etc.

see:

https://asianometry.substack.com/p/the-rise-and-peak-of-japa...



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