Taiwan Semiconductor Manufacturing Company (TSMC) has announced it will reorganize towards a structure similar to business unit organization in order to improve the company's structural profitability and further strengthen customer partnerships.
Company CEO Rick Tsai said the company expects the implementation of this long-planned reorganization to give all TSMC employees additional flexibility to be more productive and innovative, bring greater value to customers, generate revenues and profit growth, and enhance returns to long-term shareholders.
TSMC announced that beginning March 1, its Operations I and Operations II organizations will merge with technology and service marketing units under the Corporate Development Organization to form the new Advanced Technology Business Organization and Mainstream Technology Business Organization. These two new organizations will respectively take responsibility for formulation, development, and execution of advanced technology and mainstream technology business objectives, and will assume full accountability for financial performance.
In addition, the Worldwide Sales and Service Organization will merge with the market analysis and research units under the Corporate Development Organization to form the Worldwide Sales and Marketing Organization, which will integrate the company's sales and marketing functions. The worldwide account management teams will serve both the Advanced Technology Business and the Mainstream Technology Business organizations, and retain their role as the customer contact for both entities.
The newly-established Advanced Technology Business, Mainstream Technology Business, and Worldwide Sales and Marketing Organizations will respectively come under the leadership of senior vice president Mark Liu, senior vice president CC Wei, and vice president Jason Chen, and all will report directly to Tsai. In addition, other organizations in the company will also readjust to support the reorganization soon.
In parallel with the business reorganization, TSMC announced that it has approved the request of Kenneth Kin, senior vice president of worldwide sales and service, to retire at the end of 2008. Prior to his retirement, Kin will serve as senior vice president of special projects responsible for ongoing new business initiatives and developing new strategic businesses, effective March 1, Kin will continue to report directly to Tsai until his retirement.
Article translated by Esther Lam
