Tag: Asia Economy
TSMC Chairman Mark Liu to retire in 2024, CEO recommended as successor
[ad_1] The company logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Company Chairman Mark Liu plans to retire in 2024, the company said in a statement Tuesday. “Chairman Dr. Mark Liu has decided not to seek the nomination of TSMC board membership for the next term and will retire from the company after the 2024 annual shareholders meeting,” said TSMC. The board plans to have vice chairman and CEO C.C. Wei succeed ... Read more
TikTok and GoTo team up in Indonesia, threatening Southeast Asia’s e-commerce giant
[ad_1] BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shopee, the e-commerce arm of Southeast Asian tech giant Sea Limited, may face “greater pressure” from the combined forces of GoTo’s Tokopedia and TikTok in Indonesia, analysts said. On Monday, GoTo and TikTok announced a “mutually beneficial strategic partnership” in Indonesia to serve micro-, small- and medium-sized companies, which make up more than 90% of business merchants in the country. GoTo is a merger ... Read more