- One year later, Israeli hostage family learns of loss
- Texans receiver Collins, Pats' safety Peppers out for NFL clash
- Biden-Netanyahu talk as Hezbollah, Israeli forces clash
- Musk's X available again in Brazil after 40-day ban
- Reddy stars as India crush Bangladesh to clinch T20 series
- Nobel winners hope protein work will spur 'incredible' breakthroughs
- What are proteins again? Nobel-winning chemistry explained
- Arch rivals Ghana, Nigeria drawn together in CHAN qualifying
- AI steps into science limelight with Nobel wins
- Trump lauds India's Modi as 'total killer'
- Wall Street, Europe rise as Chinese shares tumble
- Hunkering down for Hurricane Milton at Disney -- but first, a few rides
- Reddy, Rinku power India to 221-9 in second Bangladesh T20
- Overshooting 1.5C risks 'irreversible' climate impact: study
- Time running out in Florida to flee Hurricane Milton
- Demis Hassabis, from chess prodigy to Nobel-winning AI pioneer
- The long walk for water in the parched Colombian Amazon
- Biden-Netanyahu to talk as Hezbollah, Israeli forces clash
- France vows to step up drugs fight after police vehicles torched
- Air France says jet flew over Iraq during Iran attack on Israel
- Activists target Picasso work to protest Israel arms sales
- Let 'Emily in Paris' remain in Paris, Macron says
- Global stocks diverge as Chinese shares tumble
- Time runs out in Florida to flee Hurricane Milton
- Chad issues warning ahead of more devastating floods
- Record-breaking Root helps England dominate Pakistan in first Test
- German govt sees economy shrinking again in 2024
- Ex-UK soldier denies passing secrets to Iran intelligence
- Creator's death no bar to new 'Dragon Ball' products
- Three Kosovo Serbs on trial over 'secession plot' attack
- Van Gogh museum to launch Impressionism show
- French minister ups ante in Eiffel Tower Olympic rings row
- Japan PM calls snap election to 'create a new Japan'
- German police shut pro-Palestinian camp over Thunberg invite
- Chinese stocks tumble on lack of fresh stimulus
- Trio wins chemistry Nobel for protein design, prediction
- SE Asian summit urges end to Myanmar violence but struggles for solutions
- Wimbledon replaces line judges with electronic system
- Record-breaking Root hits hundred as England power to 351-3
- Record-breaking Root hits hundred as England's power to 351-3
- Sabalenka relishes 'much-needed' tennis rivalry with Swiatek
- Liverpool goalkeeper Alisson set for six weeks out
- Taylor Swift got police escort to London gigs after Austria terror plot
- Cook tips Root to break Tendulkar's all-time runs record
- British skull auction sparks Indian demand for return
- Joe Root: England's elegant Test record-breaker
- Braving war: Lebanon's 'badass' airline defies odds
- Klopp to return as head of Red Bull football operations
- Hezbollah strikes Israel, says it foiled Israeli incursions
- Jurgen Klopp to return as head of Red Bull football operations
RBGPF | -2.48% | 59.33 | $ | |
RYCEF | -1.01% | 6.9 | $ | |
GSK | 7.36% | 41.04 | $ | |
SCS | 2.11% | 13.055 | $ | |
CMSC | 0.04% | 24.649 | $ | |
BTI | 0.89% | 35.535 | $ | |
RELX | 0.19% | 46.73 | $ | |
NGG | -0.32% | 65.69 | $ | |
RIO | -0.61% | 66.255 | $ | |
AZN | 0.66% | 77.38 | $ | |
VOD | 0.82% | 9.74 | $ | |
BCC | 0.21% | 142.325 | $ | |
JRI | 0.3% | 13.2 | $ | |
CMSD | -0.01% | 24.85 | $ | |
BCE | -0.31% | 33.405 | $ | |
BP | -0.13% | 31.99 | $ |
TSMC votes for chief executive CC Wei to also become chairman
TSMC's board of directors on Tuesday unanimously elected chief executive CC Wei to succeed Mark Liu as chairman of the chip titan.
Wei will be the first person to hold the dual roles for Taiwan Semiconductor Manufacturing Company, which controls more than half the global output of microchips used in everything from smartphones to cars and missiles.
Wei takes up his new role as the firm sits at the centre of a worldwide drive for the processors that are also needed to power generative artificial intelligence products, which have skyrocketed in popularity.
Liu has been in the post since 2018, when he succeeded company founder Morris Chang.
Under Liu's steerage, TSMC has opened new factories in Japan and the United States, as governments and customers have lobbied for the company to diversify its manufacturing base.
The company is the most important chip supplier to Apple. They also supply and work closely with AI leaders Nvidia and AMD -- two rival heavyweights paving the way for the development and adoption of the technology.
Speaking during the firm's annual shareholders meeting on Tuesday, Wei -- a familiar presence during quarterly releases -- was asked which company out of Nvidia and AMD "matters more" to TSMC.
"Both companies have a very good relationship with us and we have grown together with them," Wei said Tuesday.
The bulk of TSMC's chips are made in Taiwan, though worries about tensions with China, which claims the island as part of its territory, have raised concerns about supplies in the event of an invasion.
TSMC has also had to navigate geopolitical tussles between the United States and China as the superpowers spar over a range of issues, including technology, trade and Taiwan.
L.Mason--AMWN