Market eyes management change at TSMC
CNATAIPEI--The market is keeping a close eye on an impending management change at Taiwan Semiconductor Manufacturing Co. (TSMC) since the company announced that the head of its research and development team is about to retire, analysts said Saturday.
September 29, 2013, 12:03 am TWN
The choice of a replacement for Chiang Shang-yi, an executive vice president and a chief operations officer at the world's largest contract chip maker, is seen as a matter of importance, particularly as TSMC is gearing up for the development of sophisticated technology processes, analysts said.
In a statement Friday, TSMC said that Chiang, who is in charge of its R&D division, is scheduled to retire Oct. 31.
After his retirement, the R&D team will report directly to TSMC Chairman and Chief Executive Officer Morris Chang, according to the statement. Chiang will continue to serve as an advisor to Chang, attend board of directors meetings and take on special assignments, the company said.
Chang's leadership of the R&D team, however, is seen as a temporary measure until TSMC finds a replacement for Chiang.
Chiang joined TSMC in 1997 and led the R&D team through five generations of technology, from the 0.25 micron to 65 nanometer processes. He retired in 2006 but returned to TSMC in 2009 at Chang's invitation. Since 2009, Chiang has led his team to develop the 28nm, 20nm and even more advanced processes.