- Morris Chang, 82, says he will step down as TSMC's (TSM +2.2%) CEO in June 2014, but remain a "hands-on" chairman. Either a new CEO, or two co-CEOs, will replace him at that time.
- COOs Mark Liu and C.C. Wei are viewed as the most likely replacements for Chang, who had already announced plans to retire next year. R&D chief Chian Shang-yi was also viewed as a candidate before announcing plans to retire on Oct. 31.
- TSMC closed above $19 for the first time since May today, a day after beating Q3 estimates and guiding for a ~10% Q/Q revenue drop. HSBC has upgraded the world's top foundry to Overweight, noting the Q4 guidance is above some estimates for a mid-teens decline, and that a Q/Q drop in consumer revenue was expected thanks to declining Xbox One/PS4 CPU orders from AMD.
From other sites
Video at CNBC.com (Mar 19, 2015)
at CNBC.com (Jan 15, 2015)
at CNBC.com (Sep 23, 2014)
at CNBC.com (Aug 14, 2014)
at CNBC.com (Aug 8, 2014)
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