TAIPEI -- In late March, Taiwan Semiconductor Manufacturing Co. rose above rival Intel by market value for the first time. TSMC's rise and Intel's stumbling over the past decade reflect how mobile devices have overtaken personal computers as the one gadget people cannot live without.
Yet the world's largest contract chip maker, which currently monopolizes orders for iPhone core processors, is acutely aware of what has happened to Intel -- the once dominant force in the PC market -- and is keen to avoid similar mistakes.
