THIS ARTICLE IS SYNTHESIZED BY THE SEMICONDUCTOR INDUSTRY (ID: ICVIEWS).
In addition to Chairman Liu Deyin, who is about to step down, Chen Guoci and Delta Power Chairman Hai Yingjun will also step down.
Today, TSMC's list of candidates for the next board of directors nominated 10 people. There are three major changes this time, one is that the number of board seats will be reduced from four to three, the number of independent directors will be increased from six to seven, the second is that the number of female directors will be increased from one to two, and the third is that Chairman Liu Deyin will step down as expected and make the latest speech.
The list includes 3 current directors: Wei Zhejia, Zeng Fancheng, Gong Mingxin, and 4 current independent directors: Sir Peter Leahy Bonfield, Michael R. Splinter, Moshe N. Gavrielov, and L. Rafael Leff. Rafael Reif), and three new independent director candidates: Ursula M. Burns, Lynn L. Elsenhans, and Lin Quan.
The 10 candidates will be elected at the June 4 general meeting of TSMC's shareholders.
"TSMC's board of directors is composed of professionals from diverse backgrounds in industry, academia and law, with world-class business operations experience from Taiwan, Europe and the United States. As Chairman, I am very fortunate to be part of such a robust board and to have everyone's support to ensure that TSMC is on the right path. I would like to express my heartfelt gratitude to all directors for their dedication and contributions, and I am confident that TSMC will continue to embrace a bright future under the leadership of the new board of directors. ”
In addition to the announcement of the resignation of Chairman Liu Deyin, Ms. Chen Guoci and Mr. Hai Yingjun also decided to step down as directors of TSMC, and Chairman Liu Deyin thanked the two for their outstanding contributions over the years.
TSMC President Wei Zhejia said, "Over the years, the directors have made suggestions to support the company's growth strategy and continuously strengthen corporate governance based on their expertise and rich experience. TSMC has experienced unprecedented challenges in recent years, and with the continuous change of industry landscape and geopolitics, we continue to lead the development and progress of technology, introduce the most advanced technology, strengthen our competitiveness, and put us in a leading position for innovation and sustainable development. As Chairman Liu steps down from the Board, we would like to express our deep blessings and thank Chairman Liu for his outstanding leadership in supporting TSMC to overcome challenges and thrive." ”
List of candidates for the next term of directors and independent directors on TSMC's board of directors
TSMC's revenue is happy, and the industry is optimistic about the strengthening of operations quarter by quarter this year
On April 10, TSMC announced that its consolidated revenue for March was NT$195.211 billion, the best in the same period, up 7.5% month-on-month and up 34.3% over the same period last year, and the consolidated revenue in the first quarter was RMB592.644 billion, the highest in the first quarter.
TSMC's consolidated revenue in the first quarter decreased by 5.3% quarter-on-quarter, but increased by 16.5% year-on-year, which was broadly in line with the company's estimate of the first quarter at an actual exchange rate of about $598.6 billion in the current quarter.
TSMC's stock price fell 4 yuan to close at 815 yuan yesterday, and foreign investors turned to oversell 5,896 contracts, and the market value fell slightly to 21.14 trillion yuan, and ADR rose about 1.6% in early trading on Wednesday.
According to the analysis of the legal person, TSMC released a revenue target of US$18 billion to US$18.8 billion in the first quarter in January, and the average exchange rate at that time was assumed to be NT$31.1 per US dollar. However, in the first quarter of this year, the real exchange rate of the new Taiwan dollar against the US dollar depreciated by 3.92%, which helped TSMC's performance with the help of favorable exchange rate factors.
TSMC only provided a US dollar financial forecast, but did not provide a forecast revenue of NT$, and the actual US dollar revenue figure is still to be announced at the 18th legal conference, which is about the median value of the financial forecast of about $18.5 billion, which is in line with expectations.
TSMC will release the latest operating outlook and economic views at the legal conference on the 18th.
Looking ahead, the legal person expects that TSMC's operations are expected to strengthen quarter by quarter this year, benefiting from high-speed computing (HPC) and AI applications to make up for the impact of the replacement of new and old consumer electronics, and it is estimated that TSMC's US dollar revenue in this quarter is expected to challenge a new high in the same period of the previous year, flat to 4.3% quarter-on-quarter and 17.3% to 22.4% year-on-year from the first quarter.
Talking about the impact of the 403 earthquake, TSMC said that the equipment in the fab has been largely restored, thanks to the joint efforts of colleagues and supplier partners. TSMC's dollar revenue growth target for this year remains unchanged, with growth expected to be as low as a mid-200 percent (21% to 26%) percentage.
In addition, TSMC will hold a regular meeting of shareholders on June 4, at which time ten directors (including seven independent directors) will be re-elected, and proposals such as approving the issuance of new shares with restrictions on employee rights in the new year and amending the company's articles of association will be discussed.
The latest report from Counterpoint Research Institute shows that TSMC's 3nm flagship mobile phone application processor (AP) is expected to grow in the second half of 2024, but the mass production of the 2nm process will be delayed until the end of 2026, when it will debut with the launch of Apple's iPhone 19 series.
*Disclaimer: This article was created by the original author. The content of the article is his personal point of view, and our reprint is only for sharing and discussion, and does not mean that we agree or agree, if you have any objections, please contact the background.