TSMC’s chairman Mark Liu gives notice of retirement

News | December 19, 2023

By Peter Clarke

Analog foundry semiconductor

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Leading foundry TSMC has announced that its chairman Mark Liu has decided to retire from the company in June 2024.

The company added that CEO and vice chairman CC Wei would succeed as the next chairman, subject to the election of the incoming board in June 2024. It remains unclear whether Wei would continue as CEO or would relinquish that position. TSMC has traditionally split role of chairman and CEO.

Liu joined TSMC in 1993 and became chairman after founder Morris Change retired in June 2018.

“The past 30 years with TSMC has been an extraordinary journey for me. I want to extend my sincerest thanks to our incredibly talented team who made the company the global leader it is today,” said Liu, in a statement. “It has been a privilege to serve as chairman after our legendary founder Dr. Morris Chang for such a world-renowned enterprise. I now would like to give my decades of semiconductor experience to other use, spend more time with my family, and start the next chapter of my life. I will continue to oversee the corporate governance with the Board diligently until the last day of this term. I am confident that TSMC will continue to perform outstandingly in the years to come.”