Subscribe to our free daily newsletters
. 24/7 Space News .

Subscribe to our free daily newsletters

Head of Taiwan microchip giant TSMC set to retire
by Staff Writers
Taipei (AFP) Oct 2, 2017

The man who founded Taiwan Semiconductor Manufacturing (TSMC) and made it the world's biggest microchip producer in terms of contracts announced Monday he would retire next year.

Morris Chang, one of Taiwan's most revered business leaders, worked at US firm Texas Instruments and later headed Taiwan's Industrial Technology Research Institute before founding TSMC in 1987.

Often called the "godfather" of Taiwan's semiconductor industry, the 86-year-old developed TSMC, a key Apple supplier, into a giant that recorded sales of $29.4 billion last year.

"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," Chang said in a statement.

He will hand over the reins to Mark Liu and C.C. Wei, who will become chairman and chief executive officer respectively, when he formally retires after the annual shareholders' meeting in early June next year.

"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," Chang said.

Liu and Wei have been the company's co-CEOs since 2013.

"After I decided to retire at the beginning of this year, I've gradually formed the decision on the dual leadership system. This is my last and probably the most important contribution to the company," Chang told reporters.

Rumours of Chang's retirement surfaced earlier this year after he sustained a minor injury at his Hawaii residence, triggering concerns about the state of his health.

Analysts expect Chang's upcoming retirement to have only a limited impact on the company's operations.

"There a clear roadmap for TSMC with the next focus on artificial intelligence and high-performance computing, and so his retirement won't worry the market too much," said Mason Lee, an analyst at Taishin Securities Investment Trust.

TSMC has continued its expansion in recent years. Last year it signed a deal to build a $3 billion plant in the Chinese city of Nanjing, Taiwan's largest single investment in China.

The company also announced last month that it would build an advanced chip-making factory in southern Taiwan.

China-backed fund to buy British chipmaker after US snub
Beijing (AFP) Sept 25, 2017
Canyon Bridge, an investment fund backed by a Chinese state-owned group, is to acquire the British electronics company Imagination Technologies, shortly after being barred by Washington from buying US chipmaker Lattice Semiconductor. Canyon Bridge will pay 550 million pounds cash ($743 million) for the British group, which specialises in mobile graphics processor technology, Imagination said ... read more

Related Links
Computer Chip Architecture, Technology and Manufacture
Nano Technology News From

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Mapping NASA's Space Missions

Aussie astronaut calls for establishment of national space agency

Supercontinuum lasers to inspire better beer, bread

Tech dreams live or die on startup battlefields

What looks good on paper may look good in space

Demonstrator 3 linear aerospike ready to start tests

ISRO to resume satellite launches by December

Mechanisms are Critical to Space Vehicle Flight Success

Devilish Source of Dust in Atmosphere of Earth and Mars

3-D Analysis Offers New Info on Martian Climate Change, Age of Polar Caps

HIAD heat shield material feels the burn during arc jet testing

Hope to discover sure signs of life on Mars

China's cargo spacecraft separates from Tiangong-2 space lab

Work on China's mission to Mars 'well underway'

Chinese company eyes development of reusable launch vehicle

Spacecraft passes docking test

Thomas calls for new comprehensive Australian Space Agency at IAC address

AsiaSat 9 Set for Launch from Baikonur on September 29

CSU Launches Nation's First Space Law Center

Lockheed Martin introduces new satellite bus lineup

Ultracold atoms point toward an intriguing magnetic behavior

UV-irradiated amorphous ice behaves like liquid at low temperatures

The 3-D selfie has arrived

Researchers developing new technique that uses light to separate mirrored molecules

Scientists propose new concept of terrestrial planet formation

The return of the comet-like exoplanet

New prediction of a detection wavelength for searching phototrophs on exoplanets

Hubble observes pitch black planet

Global Aerospace Corporation to present Pluto lander concept to NASA

Pluto features given first official names

Hibernation Over, New Horizons Continues Kuiper Belt Cruise

Jupiter's Auroras Present a Powerful Mystery

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement