Ultra-low power 32 kHz RC oscillator designed in GlobalFoundries 22FDX
Dr. Rick Tsai Appointed Chief Executive Officer of TSMC; Dr. F.C. Tseng Elected Vice Chairman of TSMC
Hsinchu, Taiwan, R.O.C. – May 10, 2005 – TSMC (TSE: 2330, NYSE: TSM) today held a board meeting, at which Dr. Morris Chang, TSMC Chairman and CEO, proposed, effective as of July 1, 2005, the appointment of both Dr. Rick Tsai as TSMC’s Chief Executive Officer and the election of Dr. F.C. Tseng as Vice Chairman. The board unanimously approved both resolutions. Starting July 1, 2005, Dr. Tsai will assume the position of President and CEO, and will no longer be Chief Operating Officer. Dr. Tseng will serve as Vice Chairman of the Board, and will no longer be Deputy Chief Executive Officer.
“Dr. Chang believes that the structure of the top management team should be planned in advance and implemented in steps. In line with that philosophy, he has contemplated TSMC’s future organization over the past few years. Recently, Dr. Chang felt that TSMC had already become a strong company, and the management had proven themselves ready to resume larger responsibilities for the future. Dr. Chang therefore proposed the changes and received the unanimous support of the Board,” said Ms. Lora Ho, TSMC vice president, chief financial officer and spokesperson.
“Effective July 1, 2005, Dr. Morris Chang will continue to dedicate his full time and efforts to being the Chairman of TSMC. As the President and CEO, Dr. Tsai will be responsible for the business and strategy of TSMC and its affiliated companies, and will report directly to Dr. Chang. As Vice Chairman, Dr. Tseng will fully assist Dr. Chang and remain as Chairman of TSMC (Shanghai), Global UniChip Corp., and the TSMC Education and Culture Foundation. It was also announced that neither Dr. Chang nor Dr. Tseng will participate in the company’s employee profit sharing once they assume their new posts,” Ms. Ho continued.
Citing Dr. Morris Chang’s remarks, Ms. Ho added that, “Dr. F.C. Tseng has been a key member in our management team since TSMC’s establishment. He has contributed significantly to the company’s success in a variety of operations and executive positons. Fifteen year ago, Dr. Tseng recruited Dr. Tsai into TSMC from the United States. Dr. Tsai, with his outstanding talents and experiences, is going to be an outstanding CEO for TSMC.”
|
Related News
- TSMC Senior Vice President and Chief Information Officer Dr. Quincy Lin to Retire
- TSMC Shareholders Elect Board of Directors; Board of Directors Unanimously Re-elects Dr. Mark Liu as Chairman and Dr. C.C. Wei as CEO and Vice Chairman
- Eta Compute Appoints Dr. Ted Tewksbury Chief Executive Officer
- Brite Semiconductor Appoints Dr. John Zhuang as Acting Chief Executive Officer
- Rambus Announces Departure of Ron Black as Chief Executive Officer; Luc Seraphin Appointed Interim CEO
Breaking News
- Arteris Joins Intel Foundry Accelerator Ecosystem Alliance Program to Support Advanced Semiconductor Designs
- SkyeChip Joins Intel Foundry Accelerator IP Alliance
- Siemens and Intel Foundry advance their collaboration to enable cutting-edge integrated circuits and advanced packaging solutions for 2D and 3D IC
- Cadence Expands Design IP Portfolio Optimized for Intel 18A and Intel 18A-P Technologies, Advancing AI, HPC and Mobility Applications
- Synopsys and Intel Foundry Propel Angstrom-Scale Chip Designs on Intel 18A and Intel 18A-P Technologies
Most Popular
- QuickLogic Delivers eFPGA Hard IP for Intel 18A Based Test Chip
- Siemens collaborates with TSMC to drive further innovation in semiconductor design and integration
- Aion Silicon Joins Intel Foundry Accelerator Design Services Alliance to Deliver Next-Generation Custom SoCs at Scale
- TSMC Unveils Next-Generation A14 Process at North America Technology Symposium
- BOS Semiconductors to Partner with Intel to Accelerate Automotive AI Innovation
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |