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TSMC to enter solar and LED manufacturing
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The largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company (TSMC) said it would be targeting revenue from the solar and LED industries, bringing in revenue of US$2 billion per annum by 2018 as the company shuffles senior management to address the ‘green energy’ markets, according to news reports. PV-Tech recently reported rumours that TSMC was contemplating a move into solar.
Dr. Morris Chang will now serve as Chief Executive Officer concurrent with his position as Chairman of the Board effective June 12, 2009. Former CEO, Dr. Rick Tsai is to serve as President of the New Business Development Organization, responsible for moving into the green energy markets, and will be reporting directly to the Chairman and now-CEO Chang.
“Looking to the future, TSMC needs to develop long-term growth opportunities and this needs the best qualified manager to take charge. Recognizing this, I have asked Dr. Tsai to devote all his energy to this task, and he has accepted the assignment,” commented Chang in a statement announcing the executive role changes.