An interesting coincidence is that the first fabless semiconductor company, Chips and Technologies, was also founded in 1985, by Dado Banatao and Gordon Campbel

An interesting coincidence is that the first fabless semiconductor company, Chips and Technologies, was also founded in 1985, by Dado Banatao and Gordon Campbell. They didn't partner with TSMC but contracted with companies like Hitachi that had excess fab capacity to manufacture their semiconductors. Wild. They eventually sold the company to Intel, which obviously didn't appreciate the insight of de-verticalization in the semiconductor supply chain.