Smooth Succession Expected at TSMC

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Alan Patterson, EETimes, Oct. 04, 2017 – 

TAIPEI - Taiwan Semiconductor Manufacturing Co. (TSMC) is likely to see a smooth transition to new management once current Chairman Morris Chang retires in June next year, according to analysts who cover the company.

It may not be easy following in the chairman's footsteps longer term, however. Chang founded TSMC in 1987 as one of the world's first pure-play foundries, a startup that at the time was viewed skeptically within the chip ecosystem. Even so, contract manufacturers such as TSMC today lead the growth of the semiconductor industry. TSMC has grabbed more than half of the foundry market by offering advanced process technology and ample production capacity to customers that range from Apple to ZTE.

When Chang departs next year, TSMC will be under the dual leadership of Mark Liu and C.C. Wei, who currently serve as co-CEOs. Liu will be the new chairman while Wei will become the chief executive officer. They have been groomed carefully for the top management, analysts say.

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