Taiwan Semiconductor Manufacturing Company (TSMC) today announced that its Chairman Mark Liu has decided not to seek the nomination of TSMC board membership for the next term and will retire from the company after the 2024 Annual Shareholders Meeting.
TSMC's Nominating, Corporate Governance and Sustainability Committee of the board recommends vice chairman and CEO C.C. Wei to succeed as the company's next Chairman, subject to the election of the incoming board in June 2024. TSMC has not disclosed the candidate to succeed Wei as the CEO.
As chairman, Liu is the main decision-maker behind TSMC's investment in Phoenix, Arizona the United States, Kumamoto, Japan, and Dresden, Germany.
Mark Liu joined TSMC in 1993 and assumed the role of chairman after TSMC founder Morris Chang's retirement in June 2018. During his tenure, Mark Liu has reaffirmed the company's commitment to its mission and focus on enhancing corporate governance and competitiveness, particularly in technology leadership, digital excellence, and global footprint, according to a TSMC press release.
