Signal TSMC, Rapidus and Airbus as models of state-led or public-private strategic firms

Summary

KISTEP points out that fields such as semiconductors, aviation, batteries and nuclear power are tied directly to economic security and supply-chain stability. In such fields some countries have founded state-owned firms or companies in which government is the largest shareholder. The report names Taiwan's TSMC, Japan's Rapidus and the European Airbus as representative cases. TSMC was founded with full funding from the Taiwanese government, with a foreign firm providing part of the capital and technical support, while Rapidus was government-led with eight large firms including Toyota and Sony investing. In the case of Airbus, national governments still hold stakes as major shareholders today.