Morris Chang

Definition of 'Morris Chang'


The founder, chairman and CEO of Taiwan Semiconductor Manufacturing Company. Chang began his career with Texas Instruments, where he worked for 25 years, rising to the position of group vice president responsible for worldwide semiconductor business.

Chang became president and COO of General Instrument Corporation in 1984, then left to head Taiwan's Industrial Technology Research Institute and develop Taiwan's semiconductor industry. This experience led him to start his own company in 1987, the world's first and largest dedicated silicon foundry called Taiwan Semiconductor Manufacturing Company.

Investopedia explains 'Morris Chang'


Born in Shanghai in 1931, Chang came to the United States in 1949. He earned his bachelor's and master's degrees in mechanical engineering from the Massachusetts Institute of Technology, and his Ph.D. in electrical engineering from Stanford. His numerous awards include several honorary doctorates.



comments powered by Disqus
Hot Definitions
  1. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  2. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  3. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  4. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
  5. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico and Philippines.' Similar to BRIC (Brazil, Russia, India and China), the acronym was coined by and investor/economist to group fast-growing emerging market economies in similar states of economic development.
  6. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
Trading Center