TSMC Chairman Liu Deyin retires next year, and the board of directors recommends Wei Zhejia to take over

According to news from this site on December 19, TSMC announced today that Chairman Liu Deyin will not participate in the nomination of the next director, and will retire after next year’s shareholders’ meeting.

This site learned from the announcement that TSMC’s “Nomination and Corporate Governance and Sustainability Committee” recommended Dr. Wei Zhejia, Vice Chairman, to take over. Chairman , and will be based on the results of the next board of directors election next June.

Dr. Liu Deyin joined TSMC in 1993 and took over as chairman after the founder Dr. Zhang Zhongmou retired in 2018. During his tenure as chairman, Dr. Liu Deyin once again emphasized the company's commitment to its mission, with special emphasis on strengthening corporate governance and improving corporate competitiveness, especially in terms of technological leadership, digital excellence and global presence

TSMC Chairman Dr. Liu Deyin said: "It has been an extraordinary journey for me to contribute to TSMC over the past three decades. I would like to express my special thanks to our very talented team for working side by side to build the company into the industry benchmark company it is today. It is an even greater honor for me to take over the chairmanship of TSMC after our legendary founder retires. I now hope to retire and dedicate my decades of semiconductor experience in different ways and spend more Spend some time with your family and start a new chapter in your life. I will continue to work with the board of directors on corporate governance until the last day of my term. I have full confidence that TSMC will continue to achieve outstanding performance in the foreseeable future."

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