TSMC Chairman Steps Down in Power Shift at Global Chip Linchpin

(Bloomberg) — Mark Liu, chairman of Taiwan Semiconductor Manufacturing Co. Ltd., plans to retire in 2024 and cede his role to Chief Executive Officer C.C. Wei, handing the reins of the world’s most important chipmaker to a fellow engineering expert.

The reshuffle will make Wei one of the most influential executives in technology, steering Apple Inc.’s and Nvidia Corp.’s main chipmaking partner while fielding requests for manufacturing investment from governments around the world.