It has been an unbelievable year for the chief executive of TSMC. Four years after CC Wei took over as the sole chief, the Taiwanese chipmaker has broken record after record. The share price has also doubled during that time. But Wei will need some bold New Year resolutions as he heads into a tough 2023.
Sales have been strong this year. August’s $7.1bn total was yet another monthly record high. US export bans imposed on China have just bought TSMC more than a decade of time against Chinese peers that had been catching up fast and undercutting prices.
Yet chip demand and prices are highly sensitive to a downturn in the semiconductor cycle or the global economy. Wei cannot expect a repeat in 2023.
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