I guess we'll have to disagree. I think patents are important and Taiwan is making countless billions of dollars from her patents. However, if you think patents aren't important then that's your perogative.
Here is an article that I wrote earlier about Taiwan's corporate profitability.
"We interrupt this thread with a message from our corporate Taiwanese sponsors. Ha ha. When I have more time, I might start a tradition of compiling quarterly profits from some of Taiwan's companies.
Here are the first quarter (i.e. January-March 2010) net profits in U.S. dollars:
Taiwan Semiconductor: $1.1 billion
Hon Hai Precision: $927 million (fourth quarter; waiting for Q1 2010)
Compal: $272 million
AU Optronics: $233 million
Asustek: $176 million (fourth quarter)
Acer: $105 million
[Note: If I have time, I will add more companies to the list in the future. By the way, to roughly approximate the yearly profit, multiply the quarterly profit by four. Just eyeballing it, both TSMC and Hon Hai will each have net profits of about $4 billion this year. Compal and AU will each make about $1 billion. Asustek (or Asus) will make about $3/4 billion. Poor Acer will only make almost $1/2 billion.]
TSMC posts strong Q1 profit, more gains ahead | Reuters
"TAIPEI, April 27 (Reuters) -
TSMC (2330.TW), the world's biggest contract chip maker, posted a sharp rise in quarterly profit that beat market expectations, as the company sold more chips for new computers and high-tech gadgets.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TSM.N) booked a
net profit of T$33.66 billion (
$1.1 billion) in January-March, compared with T$1.56 billion a year ago, the company said in a statement on Tuesday."
Taiwan's Hon Hai Q4 profit triples; Q1 awaited | Reuters
"Taiwan's Hon Hai Q4 profit triples; Q1 awaited
Mon Apr 26, 2010 8:30pm EDT
TAIPEI, April 27 (Reuters) -
Hon Hai Precision Industry (2317.TW), Taiwan's largest electronics parts maker, saw its fourth quarter profit more than triple, pointing to a strong rebound in global tech demand.
Fourth-quarter profit reached T$29 billion (
$927 million), up from T$9.3 billion in the same quarter a year earlier, according to Reuters calculations on Tuesday."
Taiwan's Compal reports surge in Q1 profit | Reuters
"Taiwan's Compal reports surge in Q1 profit
TAIPEI, April 28 (Reuters) -
Taiwan's Compal Electronics (2324.TW), the world's No. 2 contract laptop maker, posted a surge in quarterly earnings on Wednesday amid rising demand for computers globally.
Compal earned a net profit of T$8.52 billion (
$272 million) in January-March, compared with T$2.8 billion the same period a year ago, the company said."
UPDATE 1-Taiwan AU's turnaround fans optimism over LCD demand | Reuters
"TAIPEI, April 22 (Reuters) -
AU Optronics Corp (2409.TW), Taiwan's No.2 LCD maker, returned to profit in the first quarter after strong demand boosted sales and prices of its displays for computers and flat-screen TVs.
...
A supplier to top brands such as Dell Inc (DELL.O), Hewlett-Packard Co (HPQ.N) and Sony Corp (6758.T),
AU Optronics booked a net profit of T$7.3 billion (
$233 million) in January-March."
Asus Beats Own Profit Forecasts | News & Opinion | PCMag.com
"Asus Beats Own Profit Forecasts
TAIPEI, Feb 1 (Reuters) -
Netbook PC pioneer Asustek reported market-beating fourth-quarter net earnings on Monday as demand for its low-cost computers picked up, foreshadowing similarly strong results from its peers.
It made a
net profit of T$5.659 billion (
$176 million) in the fourth quarter of last year, it said in a statement on Monday, better than market expectations for a T$5.06 billion net profit and the T$2.798 billion in the same period a year ago."
Taiwan's Acer posts 62 pct rise in Q1 profit yr/yr | Reuters
" TAIPEI, April 29 (Reuters) -
Acer Inc (2353.TW), the world's No.2 PC vendor, reported slightly better-than-expected quarterly earnings on Thursday, amid rising PC demand globally.
Acer booked a net profit of T$3.29 billion (
$105 million) in January-March, compared with T$2.03 billion the same period a year earlier and T$3.52 billion in the fourth quarter of 2009.""