TSMC's Chairman, Mark Liu, plans to retire in 2024, and CEO C.C. Wei is recommended as his successor pending shareholder approval. This move comes after Liu led the company through a worldwide chip shortage and escalating China-U.S. tensions. The transition signals a power shift at the global chip linchpin, as TSMC faces challenges, including the Arizona fab debacle. Rumors suggest Liu's retirement may be linked to the Arizona project's difficulties and US subsidies. The retirement of both Liu and ASML's CEO in Q2 2024 is expected to bring significant changes to the semiconductor industry.
Interesting report TSMC's CEO was fired under the influence of founder Morris Chang because not only he caved to US pressure to build an Arizona factory (Chang disagreed) but the project is going terrible and the US haven't yet paid the subsidies for it. https://t.co/SDgSfMPWYI
"Rumors swirl that TSMC chairman Mark Liu was forced to retire over Arizona fab debacle" 👀 https://t.co/BjaUzduJsq https://t.co/U29FxWtQCz
Rumors swirl that TSMC chairman Mark Liu was forced to retire over Arizona fab debacle https://t.co/XZWbiiZdAu https://t.co/DO4MIGsSYC
Mark Liu to retire from TSMC and adjustments hit the display industry https://t.co/pJoeCsYULD
TSMC Chairman Mark Liu will retire next year after steering the world's largest chipmaker during a time of escalating China-U.S. tensions. https://t.co/BEIB7Eh2TD https://t.co/4Yv2MqeubW
Morris Chang (founder of TSMC) on the evolution of the semiconductor industry. https://t.co/HtmiSh7zod
Taiwan Semiconductor Manufacturing Co. (TSMC) said its Chairman Mark Liu will retire in 2024, after leading the company through a worldwide chip shortage that thrust TSMC into a geopolitical tussle between China and the U.S. https://t.co/sFEA0AEntq
Mark Liu, chairman of Taiwan Semiconductor Manufacturing Co. Ltd., plans to retire in 2024 and cede his role to Chief Executive Officer C.C. Wei, handing the reins of the world’s most important chipmaker to a fellow engineering expert https://t.co/fCjWzmyVem
Q2 2024 is going to be interesting in chipland - TSMC's Chairman Mark Liu and ASML's longtime CEO Peter Wennink are both retiring. https://t.co/iSu7mibmcx
Chairman Mark Liu is retiring at TSMC. I don't think he gets enough credit https://t.co/Y9qe140iXD
Taiwan Semiconductor $TSM Chairman Mark Liu plans to retire in 2024 The board plans to have vice chairman and CEO C.C. Wei succeed Liu’s role, subject to shareholders’ approval - CNBC
TSMC Chair Steps Down in Power Shift at Global Chip Linchpin https://t.co/xbMHiV5yTV
TSMC chair to step down in June https://t.co/2ErIv4zt8u
TSMC Chairman Mark Liu to retire in 2024, CEO recommended as successor https://t.co/EkvWbDwbGT
TSMC Chairman Mark Liu to retire in 2024, CEO recommended as successor https://t.co/HhkPSZcvPN
TSMC Chair Mark Liu plans to retire in 2024, replaced by CEO C.C. Wei, set to become one of the most influential executives in tech; shareholders must approve (Bloomberg) https://t.co/yADCqbZvtc 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/oZwz1PRBW9
TSMC Chairman Mark Liu will retire in 2024, ceding his role to CEO C.C. Wei, the company says https://t.co/cfAkrRHROc
TSMC to promote from within after chairman retires next year https://t.co/8s4rgQ5fkj https://t.co/RtXlwFa8pC
TSMC Chairman Mark Liu will retire in 2024, ceding his role to CEO C.C. Wei, the company says https://t.co/93lk9XbxSZ
TSMC Chairman Mark Liu will retire in 2024, ceding his role to CEO C.C. Wei, the company says https://t.co/u2fuc9er2N
How Micron is building the biggest chip fab in U.S. history despite a China ban and smartphone slump https://t.co/d5g89BMwPg
"TSMC will start equipping the 2nm fab in April 2024" (in Taiwan) https://t.co/pFru97ozQg https://t.co/fBo2i7CWWF
ICYMI: For the first time, TSMC has said that a 1.4nm process node will follow the 2nm node expected in 2025. https://t.co/fcm4Tn5ht4