Case 4: Taiwan (morecomparable than Japan & SouthKorea) Taiwan’s “DNA” &“fate” 1. Low profile,unbranded 2. Integrity Can we do itbetter? 3. Culture: Focus on technology & 1. Impetuous,nationalism engineering 2. Hungry, moralvaccuum Tech electronics processingbase 3. Culture Gross margin: 40-50% Low-end worldfactory Industrypolicy: Our industry policy: (1) Founded Industrial (1) Government attention, TechnologyResearch Institute competition (in charge of product (2) Land & taxbenefits development) (2) Immediate tax refund of (3) Every province/city is an NT$20 for every NT$100 of industrial park investment (3) Hsinchu SciencePark