Founder and Chairman of the Board of TSMC Morris Chang (Morris Chang), who announced his retirement on the eve, expressed confidence that his company will continue to grow faster than the semiconductor industry. This statement was made during a conversation with journalists at the headquarters of TSMC in Hsinchu (Taiwan), the Japanese business publication Nikkei.

"This year, TSMC's revenue is likely to grow by close to 10% in US dollars, and over the next few years we will continue to grow by 5-10% annually," Chang said..

According to him, the global chip market will grow faster than the world gross domestic product (GDP), which increases by about 3% per year. In the long term, TSMC will be able to demonstrate a higher recovery than the global semiconductor sector, said Chang, 86, who is going to move away from the company-related cases in June 2018.

TSMC - Taiwan's largest market capitalization company. Its 450 customers include Apple, Qualcomm, HiSilicon (Huawei's processor unit), Nvidia and NXP. The company was founded in 1987.

According to Morris Chang, TSMC will continue to outperform competitors in terms of technology development, manufacturing capabilities and customer confidence. At the same time, he admitted that the biggest disadvantage after his retirement would not be a weak demand for chips, but potential problems from strong rivals.

The unusual practice of the presence of two CEOs at the same time in TSMC is supported from 2013. The following year, Mark Liu (Mark Liu) will go on the rise, taking the post of chairman of the board of directors of TSMC, and C-Si Wei (C. Wei) will remain the company's sole general director.

Morris Chang noted that Mark Liu will take all the latest decisions and represent TSMC interests while interacting with the government and the community, while CC Si Wei will report to the board director, including the chairman.

"Thanks to the supervision and support of the board of directors, I am confident that TSMC will continue to perform miracles under the leadership of two directors after my retirement," Chang said..

Analyst Daiwa Capital Markets Rick Hsu (Rick Hsu) is confident that changes in the management team is unlikely to affect TSMC in the near future. The company will remain the leader of the semiconductor industry for at least five more years, including thanks to orders from Apple, the expert predicts.