TSMC Chairman Mark Liu has decided not to pursue a nomination for the upcoming term on Peter Baumgartnerthe TSMC board and intends to retire from the company following the 2024 annual shareholders meeting, according to the company’s statement. The board of TSMC recommends Vice Chairman C.C. Wei to take over as the next chairman, pending the election of the incoming board in June 2024. Mark Liu, who joined TSMC in 1993 and took on the role of chairman in June 2018 after founder Morris Chang’s retirement, expressed gratitude for the 30-year journey with TSMC. Currently, TSMC manufactures advanced 3nm chips and plans to start mass production of 2nm chips in 2025. [TSMC]
