Business Morris Chang to retire next year

Business Morris Chang to retire next year

2013/07/19

The semiconductor industry’s top CEO, Morris Chang, says he’ll retire next year. It’s the second time Chang has retired. In 2005 Chang announced he was stepping down as CEO but he came back in 2009 at a time of crisis

Chang, a veteran of TI and former CEO of General Instrument, will become Chairman of TSMC when he gives up the CEO job.

At 82, Chang has had a remarkable career. He got his PhD from Stanford and was regarded as a formidably tough boss at TI.

When he went to head Taiwan’s government research institute ITRI in 1985, he helped hatch the plans that spawned TSMC in 1987.

Who can fill Chang’s shoes? No one probably, which may be why Chang indicated last year that he may appoint more than one CEO when he goes.

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