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TSMC tips leadership succession with co-COO appointments

TSMC tips leadership succession with co-COO appointments

Business news |
By Peter Clarke



TSMC, the world’s leading foundry and chip manufacturer, has appointed YJ Mii and YP Chyn as co-chief operating officers, indicating the likely future leadership of the company.

Mii has served TSMC as senior vice president of R&D and Chyn has been senior vice president of operations. Their promotions are effective from March 1.

Following these appointments, the two Co-COOs, as well as TSMC’s human resources, finance, legal and corporate planning organizations, will report directly to CEO CC Wei. All other organizations will report to the COOs.

TSMC appointed CC Wei and Mark Liu as co-CEOs of the company under the leadership of chairman Morris Chang in 2013. On Chang’s retirement Liu assumed the role of chairman (see TSMC’s Morris Chang sets retirement date) in 2017.

Liu has said he will retire in June 2024 (see TSMC’s chairman Mark Liu gives notice of retirement).

The most likely line of succession in the near term is for Wei to become chairman and Mii and Chyn promoted to become co-CEOs. When Wei retires the elder of the two will likely take over as chairman.

Related links and articles:

www.tsmc.com

News articles:

TSMC’s chairman Mark Liu gives notice of retirement

TSMC’s Morris Chang sets retirement date

Taiwan to capture 70 percent of 2024 global foundry market

TSMC’s sales jumped in January, UMC’s not so much

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