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Company in focus: TSMC's founder ready to hand world's largest chipmaker to next generation

New dual leadership will test Taiwanese giant as Samsung closes in

Morris Chang, chairman of Taiwan Semiconductor Manufacturing Co., speaks with Nikkei Asian Review in Hsinchu, Taiwan on Oct. 5. (Photo by Shinya Sawai)

HSINCHU, Taiwan For the first time in 30 years, Taiwan Semiconductor Manufacturing Co. will have to forge ahead without its founder.

Morris Chang, 86, will step down after TSMC's annual general meeting next June. The company was founded in 1987 and is today the world's largest contract chipmaker by revenue and market share. It is the sole chip supplier for Apple's new iPhones.

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