Billionaire Profile
Morris Chang
Global Rank
#632

Image: Public domain | via Wikimedia Commons

Morris Chang

CEO, TSMC (Taiwan Semiconductor Manufacturing Company)
TW
Real-Time Net Worth
$6.1B
As of December 2025
Age
94
Source
Semiconductors
Industry
technology
Citizenship
TW

Biography

Morris Chang is a Taiwanese-American billionaire and electrical engineer, celebrated as the visionary founder of Taiwan Semiconductor Manufacturing Company (TSMC), the world's first dedicated semiconductor foundry. Born in China in 1931, Chang's career spans the history of the semiconductor industry. He earned advanced degrees from MIT and Stanford University, and after a successful career at Texas Instruments, he moved to Taiwan to lead the Industrial Technology Research Institute (ITRI). In 1987, Chang established TSMC, revolutionizing the industry by pioneering the foundry model. As of late 2025, his net worth is estimated at $6.1 billion, a testament to his lasting impact on technology and global economics.

Wealth Over Time

In-Depth Profile

Early Life

Morris Chang was born in Ningbo, China, on July 10, 1931. He lived in Hong Kong and later immigrated to the United States. His father was a graduate of East China Normal University. Chang initially aspired to be a novelist or journalist, but he pursued engineering after his father persuaded him otherwise. During the Second Sino-Japanese War, the family moved to several cities, including Nanjing, Guangzhou, Hong Kong, Chongqing, and Shanghai.

Rise to Success

Chang obtained degrees from Harvard University, the Massachusetts Institute of Technology (MIT), and Stanford University. His career in the semiconductor industry began in 1955 at Sylvania Semiconductor. He later worked at Texas Instruments for 25 years, rising to the role of group vice president responsible for the company's global semiconductor business. In 1984, he became president and chief operating officer of General Instrument Corporation. In 1987, he founded TSMC.

Key Business Strategies

Chang pioneered the foundry model of semiconductor fabrication, enabling fabless semiconductor companies to outsource manufacturing. This model allowed TSMC to become the world's largest independent semiconductor foundry and one of Taiwan's largest companies. Chang is credited with developing innovative strategies and fostering a culture of excellence within the company. TSMC's success is also attributed to a strong talent pool, low employee turnover, and the concentration of industry manufacturing in Taiwan.

Philanthropy

Morris Chang is known for his philanthropic efforts. He is the chairperson of the TSMC Charity Foundation.

Career Milestones

1955

Joined Sylvania Semiconductor

Began his career as a semiconductor engineer.

1958

Joined Texas Instruments

Rose to the position of engineering section manager.

1964

Received Ph.D. from Stanford

Earned a Ph.D. in Electrical Engineering.

1984

President and COO of General Instrument Corporation

Served as President and Chief Operating Officer.

1987

Founded TSMC

Founded Taiwan Semiconductor Manufacturing Company, a pioneering semiconductor foundry.

2018

Retired as CEO of TSMC

Retired as CEO and Chairman of TSMC.

Philanthropy & Social Impact

Education & Research

TSMC Charity Foundation

Undisclosed

Chairperson of the TSMC Charity Foundation.

Business Philosophy & Leadership

Notable Quotes

""I am a Taiwanese citizen.""

Leadership Principles

Pioneering Spirit

Chang pioneered the foundry model in the semiconductor industry.

Technological Innovation

Focus on advanced manufacturing processes and technological breakthroughs.

Strategic Vision

Making strategic moves such as pricing semiconductors aggressively — sacrificing early profits to gain market share and long-term profits.