Wrong again: In certain industries, especially in high tech/complex manufacturing they cannot survive/naturally developed without government involvement. Private Equity funds/Oligarch angel investor funds can only invest so much, often taking considerable financial risk. Overall Tesla/Boeing and other 'strategic' companies are heavily state-funded/state infiltrated. By the definition of ideological purists they are socialist enterprises. TBH government contracts are hardly market competitive (basically legalized corruption if you think about it). https://en.wikipedia.org/wiki/TSMC Taiwan Semiconductor Manufacturing Company Limited (TSMC or Taiwan Semiconductor)[5][6] is a Taiwanese multinational semiconductor contract manufacturing and design company. It is one of the world's most valuable semiconductor companies,[7] the world's largest dedicated independent ("pure-play") semiconductor foundry,[8] and Taiwan's largest company,[9][10] with headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. Although the government of Taiwan is the largest individual shareholder,[11] the majority of TSMC is owned by foreign investors.