The corporate brand for Taiwan Semiconductor Manufacturing Firm is displayed on a display on the ground of the New York Inventory Alternate (NYSE) in New York Metropolis, U.S., September 26, 2023.
Brendan Mcdermid | Reuters
Taiwan Semiconductor Manufacturing Firm Chairman Mark Liu plans to retire in 2024, the corporate stated in a press release Tuesday.
“Chairman Dr. Mark Liu has determined to not search the nomination of TSMC board membership for the following time period and can retire from the corporate after the 2024 annual shareholders assembly,” stated TSMC.
The board plans to have vice chairman and CEO C.C. Wei succeed Liu’s function, topic to shareholders’ approval.
Liu joined TSMC in 1993 and assumed the function of chairman after founder Morris Chang’s retirement in June 2018.
TSMC is the highest producer of the world’s most superior processors. The Taiwanese agency manufactures semiconductors for firms like Apple and Nvidia, usually based mostly on structure from chip design agency Arm.
TSMC at present manufactures 3-nanometer chips and plans to start out 2-nanometer mass manufacturing in 2025. “Nanometer” in semiconductors refers back to the measurement of particular person transistors on a chip. The smaller the scale of the transistor, the extra of them will be packed onto a single semiconductor. As such, smaller nanometer sizes usually yield extra highly effective and environment friendly chips.
In October, TSMC reported a third-quarter revenue of 211 billion Taiwan {dollars} ($6.69 billion), beating analyst expectations.
TSMC in September authorized an funding in Arm of as much as $100 million because the British agency went public.
