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Company in focus: TSMC tries to keep magic alive amid doubts over succession

Taiwan chipmaker defines success, but filling chairman's shoes will be tough

Morris Chang, chairman of TSMC (Photo by Shinya Sawai)

TAIPEI In late March, Taiwan Semiconductor Manufacturing Co. (TSMC) topped rival Intel by market value for the first time. TSMC's rise and Intel's stumble over the past decade reflect how mobile devices have overtaken personal computers as the one device people cannot live without.

Yet the world's largest contract chipmaker, currently the sole supplier of Apple iPhone core processors, is acutely aware of what has happened to Intel -- once the dominant force in the PC market -- and is keen to avoid similar mistakes.

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