Founder of Apple's Top Chipmaker to Hand Over Reins in June
- Mark Liu to succeed Morris Chang while C.C. Wei will be CEO
- Announcement seals succession plan for world’s biggest foundry
TSMC Founder to Retire in June 2018
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Taiwan Semiconductor Manufacturing Co. chairman and founder Morris Chang will retire in June next year, handing the helm of the world’s largest producer of made-to-order microchips to the company’s two co-chief executives.
Breaking with tradition, Chang used his retirement announcement to issue a 2017 revenue forecast that surpassed analysts’ estimates. TSMC’s sales growth should be close to 10 percent this year in U.S. dollar terms, he said, a pace that surpasses the roughly 4 percent projected.