Founder Zhang Zhongmou has been handed over to the shift, TSMC's "double leaders" have been operating independently for more than 500 days. Judging from the generously sending "red envelopes" at TSMC's annual sports meeting on November 2, we know how good the TSMC is now operating after the founder lets go, and it makes more money.
At the "Falics Session" held in mid-month, TSMC estimated that after the third quarter's revenue hit a single-quarter high, it is estimated that it will set another record of historical highs in the fourth quarter.
Zhang Zhongmou appeared at the TSMC Sports Conference: Go home!
Founder Zhang Zhongmou participated in the TSMC Games for the first time after retirement
"The vast sea is covered with ice, and the clouds are bleak and gloomy, and thousands of miles are condensed". The global economy is in a bleak scene, but TSMC is a "sunny day" in autumn. Chairman Liu Deyin said in his speech at the TSMC annual sports meeting on November 2: "Next year will be a year of great growth."
When founder Zhang Zhongmou and his wife Zhang Shufen attended this event for the first time after retirement, he was very happy and said emotionally that he "goed home" twice.
Zhang Zhongmou also revealed that he was absent from TSMC Games last year, and Liu Deyin invited him to come, but since May last year, there have been several farewell parties from Hsinchu to Taipei, and he has been saying "Bye-bye, bye-bye". He is so tired all the way. However, he promised Liu Deyin that if you succeed, I will come, I will come this year!
Zhang Zhongmou said: TSMC has your efforts and the leadership of Liu Deyin and Wei Zhejia. Last year was a very successful year. Of course there are many difficulties and some things that are not very satisfying, but overall, this year and a half, that is, one and a half years after his retirement, has been a very successful year and a half, so he wants to congratulate everyone!
TSMC founder Zhang Zhongmou and his wife Zhang Shufen
Zhang Zhongmou said meaningfully: The world situation has become quite a lot in the past two years, and it is no longer a peaceful world. In the chaotic world of , TSMC has always been a very important company and a very important part of the IT supply chain. In a peaceful era, there is no debate or danger, and we can quietly work on a part of the supply chain; however, now it is not quiet, and TSMC has become a "must-fight place for geostrategists", which refers to strategic competition.
In the chaos of the world, TSMC is still prosperous, reflecting from one aspect that Zhang Zhongmou has been quite successful in the past 500 days of handing over the baton. A month ago, at the legal person briefing, TSMC President Wei Zhejia, Treasurer Huang Renzhao and others attended the meeting. TSMC released its fourth-quarter financial forecast, and estimated that TSMC's revenue in the last quarter of this year will reach US$1.02 to US$1.03 billion. After hitting a record high in a single quarter in the third quarter, the record will also be rewrite in the fourth quarter.
At the TSMC Games on November 2, Chairman Liu Deyin announced the increase in the bonus. This year, Dafang gave each employee a bonus of 12,000 yuan. As the number of employees increased this year compared with last year, the total bonus reached 468 million yuan, and the total amount of payment reached a new high. The annual TSMC Sports Games distributes red envelopes, which is the most exciting part of this event and one of the best windows to observe TSMC's operating status.
TSMC Chairman Liu Deyin, Vice Chairman and President Wei Zhejia
At the time of press time, the total market value of TSMC stock was 273.773 billion. Not long ago, IC Insights released a forecast for the 2019 semiconductor supplier, ranking first is Intel , second is Samsung, and third is TSMC. The joint report just released by IPRdaily and incoPat shows that the top 100 semiconductor technology invention patents listed in the list in 2019 were the first in invention patents, Samsung ranked second in terms of invention patent applications.
If these data cannot be thoroughly analyzed, let’s give another example: TSMC’s Nanjing factory has turned into profits in less than a year after mass production. The financial report shows that TSMC’s Nanjing factory made a profit of about RMB 200 million in the third quarter, and successfully went from loss to profit.
As the founder of TSMC, Zhang Zhongmou is known as the godfather of Taiwan's semiconductors and the "chip king", but many people don't know much about it. Zhang Zhongmou is even later than Huawei's entrepreneurial business. Ren Zhengfei starts his business at the age of 43, and Zhang Zhongmou started his own business until he was 56 years old.
Why is TSMC so strong?
Zhang Zhongmou once expressed TSMC's unique skills, that is, TSMC's three major competitive advantages: leading technology, superior manufacturing, and customer trust. Zhang Zhongmou said: "As long as you lose one of your advantages, it is not the TSMC we want." In addition, at the TSMC Games, he also mentioned the business philosophy headed by integrity and integrity; "As long as the competitive advantage is maintained, the value of integrity and leading integrity is preserved, in a chaotic world, we continue to prosper and continue to be a very useful member of the world society."
Wei Zhejia is in charge of the army for 500 days
TSMC Vice Chairman and President Liu Deyin
On June 5 last year, TSMC Chairman Zhang Zhongmou participated in the last shareholders' meeting of TSMC's career and officially handed over to retire. TSMC entered the "post-Zhang Zhongmou era".
Zhang Zhongming’s retreat is a major event in Taiwan’s enterprises and investment circles. For many founding bosses of technology companies, they will pay more attention to what TSMC’s handover and inheritance system will bring to arrange their intergenerational alternation in the future.
Zhang Zhongmou, born in 1931, is 88 years old this year, and 2019 is also the 32nd anniversary of TSMC. Zhang Zhongmou retired naked last year and did not hold any position at TSMC except for retaining the founder's honor. Zhang Zhongmou retired, and TSMC's board of directors completed the re-election of directors and passed the newly revised charter.
Among them, the Chinese title of "executive president" that was used in the past was changed to "president". The board of directors of TSMC elected Liu Deyin as chairman. As the company's highest decision-making representative, Wei Zhejia was the president and vice chairman, and must report to the chairman and the board of directors. In other words, TSMC has entered the era of "dual leader mechanism" from the Zhang Zhongmou era; the major giants in the technology industry in Taiwan are not only TSMC, but also Asus and MediaTek all adopt similar dual-track governance models.
Time flies. In a blink of an eye, Liu Deyin and Wei Zhejia have been in charge of TSMC for one and a half years, and it has been more than 500 days. The outside world is observing who is the essential helm of TSMC during these 500 days of succession?
TSMC Sports Meeting
html At the press conference after TSMC Sports Meeting in early October, a media reporter asked how the TSMC double chief system operates? How did Liu Deyin and Wei Zhe family divide the labor?Vice Chairman and President Wei Zhejia replied: "I must be responsible for all the relationship between the outside world and the government, the chairman represents the company, and all the customers and do their business well." What departments of TSMC report to the chairman, and which departments want to report to the president? The other party's answer is that only the units responsible for internal control and the two foundations must report to Chairman Liu Deyin, and the rest must report to President Wei Zhejia.
After Zhang Zhongmou let go, almost all of TSMC's more than 48,000 employees were following the command and dispatch of Wei Zhejia. Wei Zhejia is the most influential and powerful person in TSMC. Caixun Biweekly even quoted a chairman of a semiconductor company who had known Zhang Zhongmou for many years as saying: "CC is very flexible in adaptability, he is Zhang Zhongmou's real successor."
Wei Zhejia's English name is "CC Wei".
Liu Deyin and Wei Zhejia attended TSMC and said
Wei Zhejia always gave outsiders the first impression of him, was always smiling, was funny and good at communication, but in fact, Liu Deyin, with white hair, was a calm person. However, compared with the cheerful president Wei Zhejia, chairman Liu Deyin seems to have a different style. He is a restrained person.
In February 2017, during the annual leave, Zhang Zhongmou accidentally tripped at home and had a scratch near his eyes. Later, Zhang Zhongmou resumed work. It was revealed that Zhang Zhongmou appointed Wei Zhejia as the next chairman. However, a year later, it was not Wei Zhejia who held the chairman's seal, but Liu Deyin, and TSMC implemented a two-headed co-governance model in the "post-Zhang Zhongmou era".
In the past, when talking about TSMC's future leaders, Zhang Zhongmou believed that those who handed over him must have "a big skill and a deep knowledge." The so-called "large skills and deep knowledge" means that you must set a strategy, have a world outlook, and have a broad mind for using people. Zhang Zhongmou said that this talent selection criteria came from the school song of Tsinghua University for a century. The original lyrics were "The knowledge of the instrument is first, and literature is first", and I changed it to "The knowledge of the instrument is first, and engineering is first."
Liu Deyin and Wei Zhejia are both of the same age, both have technical backgrounds, and are both super generals that Zhang Zhongmou relied on for many years. Even if TSMC launches the "dual chief system", many people believe that Liu Deyin may be a key figure in the "sending off a journey" during TSMC's succession, and Wei Zhejia may become TSMC's next "Zhang Zhongmou".
"Caixun" and other media compared Apple. The system in which TSMC asked Liu Deyin and Wei Zhejia to serve as chairman and president respectively is actually a corporate governance method commonly adopted by the United States. In terms of corporate governance in the United States, the chief executive is mostly centered on the company's governance. Like Apple, the outside world pays more attention to what Cook is doing every day, but few people will understand that Apple's chairman is Arthur D. Levinson. In December 2011, Apple's board of directors announced that former Genentech CEO Arthur D. Levinson served as chairman, but for so many years, no one cared about what the chairman was talking about.
TSMC President Wei Zhejia
In fact, contrary to what Wei Zhejia said at the press conference after the sports meeting, many years ago, most of the public affairs of TSMC dealing with the government were faced by Wei Zhejia, and most of the TSMC supplier management conferences were faced by Liu Deyin.
Before TSMC gave a lecture, Wei Zhejia talked about the current situation of the company, while Liu Deyin mostly focused on TSMC's future forward-looking plans. From this perspective, Liu Deyin and Wei Zhejia are all-rounders, and they can turn around and do things with each other. No matter what, the positions of president and CEO are mainly responsible for business affairs. There is no doubt that Wei Zhejia is the most important driving force behind the explosion of TSMC's performance.
Many people have noticed that Wei Zhejia, who has always been smiling, has become low-key and introverted since he handed over the baton of the president on June 5 last year. In fact, it is not surprising that in the chaos of the market environment, it takes an iron fist to make TSMC's prospects bright, and the pressure and challenges are also particularly great. Others are in a sluggish economy, but TSMC is stepping on the accelerator and has no diamonds. How dare you take on porcelain work? In the past 500 days since the succession of
, China-US trade has been in conflict, especially under pressure to ship Huawei , and to compete with competitors such as Intel and Samsung. Wei Zhejia's position as president is not easy. More than 500 days have passed since founder Zhang Zhongmou let go. Against the backdrop of the 12% recession of the global semiconductor industry this year compared with last year, Wei Zhejia performed very well. TSMC still maintained a slight growth. The company's stock price and revenue grew both, and it has won the favor of foreign investors. This is enough to show that TSMC's new generation of helmsman has strong adaptability.
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