Attended a niche semiconductor conference in Taipei for fun a few months ago and it is basically a giant room of SMEs that make arcane precision parts or processes. The family offices that invest in this stuff are third generation galaxy autist brains. Their grandparents, parents, all do factories. Precision manufacturing requires such a unique combination of soft sales (explaining why others above or below you in the supply chain should use you) and engineering innovation. It really only works if you have ...