Taiwan Semiconductor has officially undergone a leadership change: former chairman Liu Deyin has retired and passed on the position to CEO Wei Zhejia. This means that Wei Zhejia has become the first person in many years to hold both the positions of chairman and CEO at Taiwan Semiconductor. Regardless of whether it is former leader Liu Deyin or new leader Wei Zhejia, both are confident in the huge demand prospects brought about by the AI wave.
On June 4th, Caijing reported that on Tuesday this week,$Taiwan Semiconductor (TSM.US)$TSMC officially welcomed a change of leadership: former chairman Liu De and retired, handing over the position to CEO Wei Zhejia. This means that Wei Zhejia becomes the first person in TSMC to concurrently serve as chairman and CEO for many years.
Wei Zhejia, who took over as chairman, was born in 1953 and joined TSMC in 1998. He became CEO in 2018. Together with Chairman Liu De, he led TSMC's growth for six years. He has been praised as the CEO with the most comprehensive preparation by TSMC founder Zhang Zhongmou.
The AI wave will lead the industry to grow.
TSMC is now at the center of the global AI boom, and the change of leadership has attracted much attention. However, whether it is the former leader Liu De or the new leader Wei Zhejia, both are full of confidence in the huge demand prospects brought by the AI wave.
Liu De said that this year will be a year of significant growth for TSMC, and with the driving demand for AI applications, the company is confident about its growth in the coming years.
He pointed out that the global AI server boom is continuing to rise and driving demand for advanced semiconductors, which is TSMC's strength and makes the company deeply confident about its growth in the coming years.
Wei Zhejia reiterated his earlier prediction that the development of AI will drive the recovery of the chip industry in 2024. He insisted that the global chip market (excluding the huge memory sector) will grow by 10% this year.
The TSMC change of leadership coincided with the Taipei International Computer Show being held in Taiwan, and many of the world's largest technology company executives gathered in Taipei, including CEOs such as Pat Gelsinger and Su Zifeng.$NVIDIA (NVDA.US)$CEO Huang Renxun,$Intel (INTC.US)$These technology company leaders all agree with Wei Zhejia's view that TSMC, after years of decline, will experience steady growth this year in the AI boom.$Advanced Micro Devices (AMD.US)$Going to the United States to build factories is a last resort?
TSMC is currently expanding its production overseas on the largest scale in its 40-year history. At the shareholders' meeting, the two TSMC executives mentioned the progress of the company's factory construction in Arizona, which is the largest overseas investment to date.
As early as May 2020, TSMC announced its plan to build a factory in the United States. However, the progress of this project has been difficult: in January of this year, TSMC stated that the first factory in Arizona would be delayed to 2025 for mass production, and the operation time of the second factory would be delayed to 2027 or 2028.
Liu De explained that the cost of building a factory in the United States is naturally higher than that in Taiwan, China, but TSMC's cost of building a factory in the United States is lower than that of other companies. Wei Zhejia emphasized that TSMC's primary responsibility is still to apply the most advanced technology in Taiwan, China, and then consider applying it to other places.
This TSMC change of leadership coincided with the Taipei International Computer Show being held in Taiwan, and many of the world's largest technology company executives gathered in Taipei, including CEOs such as Pat Gelsinger and Su Zifeng.
These technology company leaders all agree with Wei Zhejia's view that TSMC, after years of decline, will experience steady growth this year in the AI boom.
Editor / jayden