The 86-year-old founder and chairman of the board of TSMC, the world's largest contract manufacturer of semiconductors, announced full retirement from June 2018.

Morris Chang (Morris Chang) founded TSMC in 1987 and turned it into one of the world's leading chipmakers. The company has about 47 thousand employees, and its market value is estimated at about 185 billion dollars. According to analysts, TSMC controls more than half of the world market of fund services - contract production of chips according to customer specifications. In 2016, TSMC's revenue reached almost $ 30 billion, taking into account its market share of 56%.

Selecting in 2013 as their successors two top managers - Mark Liu (Mark Liu) and C. Wei (C. Wei), the founder of TSMC, nevertheless, did not leave the business and controlled the most important areas for the semiconductor business. Now Maurice Chang intends to retire permanently and will no longer preside in the board of directors and participate in the management of the company, reports Reuters..

"The 30 plus years that I dedicated to TSMC were the most amazing and happy period in my life. However, I want to devote the remaining years to myself and my family, "said the legendary top manager, whose words are quoted by The Financial Times.

After the departure of Morris Chang, his posts will be occupied by co-executive directors Mark Liu and C. Wei: the first will head the board of directors of TSMC, and the second will become the sole CEO.