Morris Chang, 86-year-old iphone chipmaker turns billionaire
A file picture of Morris Chang, founding chairman of Taiwan Semiconductor Manufacturing company
Morris Chang, founder of Taiwan Semiconductor Manufacturing company turned a billionaire after the company's share surged.
Morris Chang, the 86-year-old founder of Taiwan Semiconductor Manufacturing company (TSMC), has becomea billionaire after hiscompany's shares surged.
TSMC share price zoomed after reports ofexpected revenue boost as the new iPhone is set to be launchedin a few months.TSMC makes chips foriphoneson contract,it is alsothe world's largest chipmaker.
TSMC shares have surged 27 per cent in the past year.
According to a Taiwan stock exchangeMay 2017 report, Morris Chang owns 0.5 per cent of TSMCdirectly and through his family.
Chang is a graduate ofMassachusetts Institute of Technology and Stanford University. He founded TSMC in 1987 when he was in his mid-50s.
Chang known as the "Silicon Godfather" is widely recognised as the man behind Taiwan’s rise in the semiconductor industry.
He was the first to initiate a semiconductor factory that made chips based on its customer's design. He resigned from the TSMCpost asCEO in 2005 but joined again four years later to revive the declining company.
Before establishing his own company, Chang worked in Texas Instruments.