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Morris Chang says he will continue to serve as TSMC chairman

Morris Chang says he will continue to serve as TSMC chairman

Taipei, March 5 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman and Chief Executive Officer Morris Chang said Monday that he will not step down as chairman when the company turns over its leadership in the next few years. The company's board of directors approved a number of appointments at a provisional meeting last Friday as part of its succession plan for replacing the 80-year-old Chang, who said he would step down by June 2014. Among the new appointments, Senior Vice President of Research and Development Chiang Shang-yi, Senior Vice President of Operations Mark Liu and Senior Vice President of Business Development C.C. Wei were all named executive vice presidents and co-chief operating officers. On Monday, Chang said that of his two posts, he would not relinquish his position as chairman but did plan to pass on the CEO baton by June 2014. "There will probably be two CEOs, and we will not rule out the possibility of one CEO," Chang said Monday. But he indicated that based on the scale of the company, "it is more likely for there to be two or three CEOs rather than just one CEO." Chang also dismissed speculation about his physical condition, describing himself to be in good health and saying that his mother is now 102 years old. Chang founded TSMC in 1987. At the time, it was the world's first dedicated IC foundry company. (By Jackson Chang and Lilian Wu)


Updated : 2021-05-07 09:09 GMT+08:00