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Morris Chang

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Morris Chang is a highly influential business executive and an electrical engineer.

Morris Chang 1951 MIT yearbook portrait
Morris Chang 1951 MIT yearbook portrait

He is best known as the founder of the Taiwan Semiconductor Manufacturing Company, or TSMC. This company changed the entire world of electronics. Chang pioneered a new way to build computer chips. This method is called the foundry model. Instead of designing its own products, a foundry focuses only on manufacturing chips for other companies. Because of this innovation, TSMC became one of the largest semiconductor companies in the world. Today, Chang is considered the founder of Taiwan's massive semiconductor industry.

Chang's journey began in Ningbo, China, on July 10, 1931. He was born into a middle-class family. His father, Chang Wei-kuan, was a bank manager with a Western education. Life was often uncertain for the family during Chang's childhood. The Second Sino-Japanese War caused the family to move many times. They lived in Nanjing, Guangzhou, Hong Kong, Chongqing, and Shanghai. By 1948, the Chinese Civil War forced the family to move to Hong Kong again. These early years of moving shaped his path toward a global career.

To pursue a career in science, Chang moved to the United States. He first enrolled at Harvard University in 1949. He was the only Chinese student among 1,100 undergraduates there. He studied applied physics and engineering sciences. Later, he transferred to the Massachusetts Institute of Technology (MIT) to improve his engineering prospects. Chang was an incredibly hardworking student at MIT. He earned a Bachelor of Science and a Master of Science in mechanical engineering by 1953. He also earned a Master of Engineering in 1955. He worked as a research assistant to help pay for his tuition.

Chang's professional expertise grew through several major engineering roles. He first joined Sylvania Semiconductor, where he worked to improve the yield of germanium transistors. Yield refers to the percentage of working parts produced in a batch. In 1958, he moved to Texas Instruments (TI). He eventually became a group vice president at TI. While at TI, he studied a new way to price semiconductors. He suggested pricing them "ahead of the cost curve." This meant accepting lower profits early on to gain more customers. This strategy helped the company grow much larger over a long period of time.

After leaving Texas Instruments, Chang realized that the future of manufacturing was in Asia. He had observed that TI's factories in Japan were more efficient than those in the United States. He noticed that Japanese technicians had lower turnover rates. In 1984, he served as the president of General Instrument Corporation. Soon after, he returned to Taiwan to lead the Industrial Technology Research Institute (ITRI). In 1987, he used technology from Philips to found TSMC. The company was started with financing from Taiwan's National Development Fund. This move helped start a period where companies began outsourcing their manufacturing to Asia.

Chang's leadership led to massive economic success. TSMC became one of the most profitable chip makers on Earth. Chang served as CEO from 1987 to 2005. He later returned as CEO in 2009. His personal net worth is estimated at US$7 billion. Because of his impact, he has received many prestigious awards. In 2018, President Tsai Ing-wen gave him the Order of Propitious Clouds. In 2024, she awarded him the Order of Dr. Sun Yat-sen. These honors recognize his huge contributions to the technology in Taiwan.

Even after retiring from his main roles, Chang remains a significant figure in global technology discussions. He has served as a Presidential Envoy to APEC several times. He has also shared his views on how countries build technology. For example, he noted that building chip factories in the United States can be very expensive. He suggested that high costs might make it hard for those factories to compete with TSMC. His life shows how deep scientific knowledge and new business ideas can connect the whole world.

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File:Morris Chang 1951 MIT yearbook portrait.jpg
Morris Chang 1951 MIT yearbook portrait.jpg
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