TSMC to promote from within after chairman retires next year

TAIPEI: TSMC, the world’s largest contract chipmaker, said on Tuesday 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 Taiwan Semiconductor Manufacturing Co’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.