Taiwan Semiconductor Manufacturing used a simple business concept to become the world's most valuable semiconductor company.

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The West Sacramento, Calif., company said the product already generated at Origin 1 and materials it may buy from third-parties should enable it to cut its cash burn. This move, plus the reduction of ...

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Dan Neil is the author of the “Rumble Seat” column which runs Saturdays in The Wall Street Journal. Previously, Mr. Neil was the auto columnist for the Los Angeles Times from 2003 to 2010.