TSMC, It is currently the largest known semiconductor manufacturer. TSMC, which also cooperates with giant companies such as Apple, in a leading position in the industry It can be said. Some interesting events took place last week in the company, where business has been going smoothly so far. TSMC Chairman Mark Liu He retired from his post indefinitely. However, the reason was wondered. Here are the details…
Why did TSMC chairman Mark Liu leave his position?
Last week, TSMC surprised the semiconductor industry by announcing the untimely departure of Chairman Mark Liu. This came in the form of a regulatory statement that Liu would not be nominated to the TSMC Board of Directors and would retire as chairman after the company’s next annual shareholders meeting. However, it caused consternation in the industry.
Based in Taiwan Wealth Magazine, It published a sensational report detailing what led to Liu’s resignation, considering that TSMC as a company remains healthy and growing on the back of the AI HPC processor and smartphone processor boom.
Report by Mark Liu in Arizona Fab 21 “debacle” He says that he had to resign from the presidency due to the so-called situation. Construction of Fab 21 in Arizona has been troubled since it began in April 2021, with chairman Liu blaming local Arizona workers for the delays.
His solution to get Fab 21 back on track was to send in experienced TSMC workers from Taiwan. But this only angered local people and unions. Eventually, the president backtracked on his comments about American workers and made concessions to unions to end the conflict that began half a year ago.
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In 2023, the US Government is frantically trying to “resilient” the semiconductor industry supply chain, leaving western investors fearful of a possible military conflict across the Taiwan Strait.
This mainly had to do with TSMC building state-of-the-art semiconductor fabs on US soil and some financial and legal assistance from the government. 2023, TSMC’s Fab 21 It saw delays in plans to build the Arizona factory, which likely had a strategic impact on US foreign policy.
For this reason, TSMC Chairman Mark Lui, who was held responsible for such an important problem, was dismissed. At least there is a high probability that this is the reason, because the press release regarding his retirement came from TSMC, not the president himself. In contrast, the TSMC founder, who served as both chairman and CEO Morris Chang, He announced his own retirement in 2018 and made his own statements.
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