Taiwan Semiconductor Manufacturing Company (TSMC), Chairman Mark Liu has revealed his plans to retire in 2024. This announcement comes as the company prepares for its next annual shareholders meeting. TSMC is currently the world’s leading producer of advanced processors and is responsible for manufacturing semiconductors for major companies such as Apple and Nvidia. Mark Liu joined TSMC in 1993 and took on the role of chairman in 2018, succeeding the company’s founder Morris Chang.
As per the company’s plans, if approved by shareholders, Vice Chairman and CEO C.C. Wei will succeed Mark Liu as chairman. TSMC is known for its cutting-edge chip manufacturing, currently producing 3-nanometer chips with plans to begin mass production of 2-nanometer chips in 2025. The nanometer size in semiconductors refers to the size of individual transistors on a chip, with smaller nanometer sizes allowing for more powerful and efficient chips.
TSMC’s financial performance has been robust, with the company reporting a third-quarter profit of 211 billion Taiwan dollars ($6.69 billion) in October, surpassing analyst expectations. Moreover, TSMC recently approved an investment of up to $100 million in chip design firm Arm, which went public in September.
Source (CNBC)
