That seems incredibly unlikely. Do you see any other paths?
Roughly - it seems a combination of having the right city infrastructure (and style), in combination with a labor force that can and will do the work.
This is my working theory after some light research on Tapei/TSMC.
If I remember correctly - TSMC was going to manufacture here but didn't see the workforce for it. I'd imagine there are other factors in play, but that one did seem pretty real to me.