From founding company to global company: The case of Taiwan semiconductor manufacturing company

In this paper, we argued that latecomer firms´ attachment to the global outsourcing network is the result of interplay between institutions, technologies and firms´ strategies with a co-evolution nature. Previous researchers on latecomer firms tended to focus on the upgrading of manufacturing technologies. In this paper, we argued that servitization is also an important strategic behavior in this process, and use TSMC as an illustrative case study to support our arguments.