TSMC Founder Morris Chang

7373.11 - 7414.28 Dr. Morris Chang

So how would you explain it to a novice? Well, explaining the learning curve theory is simple. But one would be foolish if one just takes the simple explanation and thinks that that's all it is. The simple explanation of learning curve is that as you make more of one thing, anything, Actually, it started with refrigerators and the cost. If a company makes more cost, then it's cost.