Chip giant TSMC to promote from within after chairman Mark Liu retires next year
- TSMC board’s nominating, corporate governance and sustainability committee recommended that C.C. Wei succeed Liu next year
- Wei, who has a doctorate in electrical engineering from Yale University, has been on the company’s board since 2017
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chip maker, said its board had recommended current CEO and vice-chairman C.C. Wei succeed Mark Liu, who will be retiring next year as chairman, offering continuity to the major Apple supplier.
Company veteran Liu became TSMC’s chairman in 2018 after founder Morris Chang, who remains the senior statesman of Taiwan’s chip industry, retired.
Liu, who joined TSMC in 1993, said he would like to put his “decades of semiconductor experience to other use, spend more time with my family, and start the next chapter of my life”, according to a company statement.
“I am confident that TSMC will continue to perform outstandingly in the years to come.”
The TSMC board’s nominating, corporate governance and sustainability committee recommended that Wei succeed Liu, subject to the election of the incoming board in June 2024.
