Inside TSMC Chairman Liu’s Short But Impactful Reign: Tim Culpan

Mark Liu’s term as chairman of Taiwan Semiconductor Manufacturing Co. has been brief compared to his predecessor. He took over in 2018 from founder Morris Chang and will step down in June. Yet Liu’s reign has taken the chipmaker in directions unimaginable a decade ago, and will ripple for generations to come.

For investors, his tenure has been fabulous: A 252% rise in the stock even pips key client Apple Inc., and has propelled the Taiwanese company’s market value past $720 billion. And Thursday’s earnings further proved the point. After a record profit in 2022, before last year’s decline amid a global economic slowdown, net ...