TSMC Chairman Mark Liu to Retire in 2024, CEO C.C. Wei Slated as Successor

Under Liu's Leadership, TSMC Navigated Geopolitical Tensions and Became a Major Supplier to Tech Giants; Company Pursues Overseas Expansions Amid Increasing Global Demand for AI Chips

• Mark Liu, Chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), announced his retirement in 2024. Liu has been with TSMC since 1993 and became its chairman in 2018.
• Current Vice Chairman and CEO C.C. Wei is recommended to succeed Liu, subject to board's approval. Wei joined TSMC in 1998 and has been on its board of directors since 2017.
• TSMC is the world's largest producer of advanced semiconductors and controls more than half of the world's output of microchips.
• Under Liu's leadership, TSMC navigated geopolitical tensions between the United States and China and became a major supplier to companies like Apple and Nvidia.
• TSMC is pursuing overseas expansions in Germany, Japan and the U.S. state of Arizona to meet the increasing global demand for artificial intelligence chips and to de-risk its supply chain.

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