Source: AFP
TSMC’s board of directors on Tuesday unanimously elected CEO CC Wei to succeed Mark Liu as chairman of the chip titan.
Wei will be the first person to hold the dual roles for Taiwan Semiconductor Manufacturing Company, which controls more than half of the world’s production of microchips used in everything from smartphones to cars and missiles.
Wei takes on his new role as the company is at the center of a global push for the processors also needed to power the artificial intelligence products being created, which have skyrocketed in popularity.
Liu has been in the position since 2018, when he succeeded company founder Morris Chang.
Under Liu, TSMC opened new factories in Japan and the United States as governments and customers pressured the company to diversify its manufacturing base.
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The company is Apple’s major chip supplier. They also supply and work closely with AI leaders Nvidia and AMD — two heavyweight competitors who are leading the way in technology development and adoption.
Speaking during the company’s annual shareholder meeting on Tuesday, Wei — a familiar presence during quarterly releases — was asked which company from Nvidia and AMD “matters more” to TSMC.
“Both companies have a very good relationship with us and we have grown with them,” Wei said on Tuesday.
Most of TSMC’s chips are made in Taiwan, although concerns about tensions with China, which claims the island as part of its territory, have raised concerns about supplies in the event of an invasion.
TSMC has also had to navigate geopolitical disputes between the United States and China as the superpowers clash over a range of issues including technology, trade and Taiwan.
Source: AFP