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| Name | Mark Liu to step down as TSMC chair, C.C. Wei likely to take over｜Taiwan News |
| Video Uploader | Video From 民視英語新聞 Taiwan News Formosa TV |
| Upload Date | This Video Uploaded At 20-12-2023 14:23:16 |
| Video Discription | TSMC on Tuesday announced that company chair Mark Liu will retire in 2024 after the company’s annual shareholder’s meeting. In a statement, the company has said it will recommend vice chair and CEO C.C. Wei to take over his spot. The nomination will still have to be approved by the board of directors elected next June. TSMC Chair Mark Liu’s retirement next year has caught headlines. On Bloomberg, a subheading suggests C.C. Wei will take over his spot. On his retirement, TSMC founder Morris Chang appointed Liu and Wei to lead the company, saying that he was optimistic about the effect of their complementary personalities. Chang at the time said that Liu is meditative, whereas Wei likes to make decisions fast. Now after five years as chair, Liu is stepping down. Observers say Wei is a good communicator with both clients and investors. Weng Wei-chieh Seasoned analyst As far as internal operations go, it seems that C.C. Wei is responsible for approaching clients and investors, and handling all related affairs. Wei’s good humor has made him a popular figure among reporters. When Warren Buffet’s Berkshire Hathaway slashed its holding of TSMC’s American depositary receipts, Wei bought 46 TSMC shares to support his company. It was the biggest investment in the company by any senior executive this year. Observers are closely watching whether TSMC will retain its double-leadership structure and whether the company will change its overall direction. Weng Wei-chieh Seasoned analyst Will it continue its focus on R&D for advanced processes? Will it continue to expand overseas? This is something to pay attention to. The company’s entire decision-making process should offer us some hints as to where TSMC will be in five or 10 years. TSMC shares closed at NT$585 on Wednesday. In just five years, the company’s shares more than tripled in value, from NT$216.5 to NT$688 on Jan. 17, 2022, winning TSMC a spot in the Top 10 biggest companies in the world by market value. For more Taiwan news, tune in: Sun to Fri at 9:30 pm on Channel 152 Tue to Sat at 1 am on Channel 53 #台灣新聞 #TaiwanNews #民視新聞 #FTV新聞 #Taiwan o9zJtkZzEnk |
| Category | News & Politics |
| Tags | 民視 | 民視新聞 | English News | Formosa News | 英語新聞 |
