Saturday, November 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Verizon Signs Deal with NFL: report
Microsoft Offers Discounted Games for Xbox Live Gold Members, Sony Unveils PlayStation Deals
Apple HomePod Smart Speaker Won't Be an Option For Holiday Shopping
G.Skill Unveils Trident Z DDR4-4400 32GB CL19 Kit
Spotify Buys Soundtrap
Volkswagen to Invest Over $40 billion on Future Cars
Broadcom Completes Acquisition of Brocade
Tesla Roadster Electric Supercar Accelerates to 60mph in 2.2 sec
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > TSMC Ch...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, October 02, 2017
TSMC Chairman Dr. Morris Chang to Retire


Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said its founder and chairman, Morris Chang, will retire next June, after having built the company into the world's biggest foundry chipmaker with a market value of about $185 billion.

"I will retire from the company immediately after the Annual Shareholders Meeting in early June, 2018. I will not be a director in the next term of the board of directors. Nor will I participate in any TSMC management activities after the Annual Shareholders Meeting in early June, 2018," 86-year-old Chang said.

From early June, 2018 on, TSMC will be under the dual leadership of Dr. Mark Liu and Dr. C.C. Wei. Dr. Mark Liu will be the Chairman of the Board, and Dr. C.C. Wei will be the Chief Executive Officer. All present directors of the board have agreed to be nominated, and if elected, serve as directors of the board during the next term. They have also agreed to support the afore-mentioned dual leadership of the company under Drs. Liu and Wei.

Chang is a semiconductor industry veteran who rose to the top management of Texas Instruments and General Instruments Corp. before he was recruited by the Taiwan government to become chairman of the Industrial Technology Research Institute.

He founded TSMC in 1987 as one of the world's first pure-play foundries.

He studied in Harvard University and was transferred to the Massachusetts Institute of Technology, where he received bachelor's and master's degrees in mechanical engineering.

The change in leadership change comes at a critical time as the Apple supplier seeks to diversify its customer base and move into emerging industries such as artificial intelligence and autonomous driving.

It must also deal with a "threat" from Samsung Electronics, the world's top memory chipmaker, which plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients.

Chang founded TSMC in 1987 with paid-in capital of T$1.4 billion ($45 million) and pioneered contract chip manufacturing for chip design firms which don't have their own factories.

TSMC has since grown to command 56 percent of the $47 billion market while revenue has climbed to almost $30 billion in 2016.

Chairman Morris Chang further said "The past 30-odd years, during which I founded and devoted myself to TSMC, have been an extraordinarily exciting and happy phase of my life. Now, I want to reserve my remaining years for myself and my family. Mark and CC have been Co-CEO's of the Company since 2013, and have performed outstandingly. After my retirement, with the continued supervision and support of an essentially unchanged board, and under the dual leadership of Mark and CC, I am confident that TSMC will continue to perform exceptionally".



Previous
Next
Google Changes Rules on Free News Stories, Announces Subscription Tools        All News        Nintendo Closes the Wii Shop
Google Changes Rules on Free News Stories, Announces Subscription Tools     General Computing News      TSMC to Build 3nm Fab in Taiwan

Get RSS feed Easy Print E-Mail this Message

Related News
Apple Praises TSMC's Investments, Says iPhones Will be AI an Platform
TSMC Raises Forecasts for 2017 Due to 10nm Demand, Outlines 7 and 5nm Roadmap
TSMC to Build 3nm Fab in Taiwan
Globalfoundries Asks EU to Probe TSMC
TSMC Updates its Roadmap, Talks About First 7nm Chips and EUV Migration
TSMC InFO packaging Enters Second Generation
TSMC Q2 Sales Slowed as Industry Expects the iPhone Launch
Samsung and TSMC Are Playing Catch-up to Make the Smallest Chip
Samsung Foundry Focuses on 6nm Process to Beat TSMC
Qualcomm Turns to TSMC Over Samsung For 7nm Chips
TSMC Remains Open to New Businesses, Despite Strong Growth
TSMC is Already Testing 7nm Chips, Coming Next Year

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .