Summary by Futu AI
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), the world's leading dedicated semiconductor foundry, announced on February 29, 2024, that its Board of Directors has approved the appointment of Dr. Y.J. Mii and Mr. Y.P. Chyn as Executive Vice Presidents and Co-Chief Operating Officers. The special board meeting held in Hsinchu, Taiwan, R.O.C., concluded with the decision that the newly appointed Co-COOs, along with TSMC's HR, Finance, Legal, and Corporate Planning organizations, will report directly to CEO Dr. C.C. Wei starting March 1, 2024. This reorganization aims to streamline operations and enhance the company's leadership structure. TSMC, established in 1987, has consistently led the semiconductor industry with its pure-play foundry model, supporting a global ecosystem of customers and partners. In 2023, TSMC operated 288 distinct process technologies and manufactured 11,895 products for 528 customers, demonstrating its broad range of services in advanced and specialty packaging technology.