TAIPEI: The chairman of the world’s largest contract chipmaker has become a billionaire thanks to expected demand for Apple Inc’s new iPhone.
Taiwan Semiconductor Manufacturing Co (TSMC) shares have surged 27% in the past year, lifting founder and chairman Morris Chang’s (pic) personal fortune to US$1bil, according to the Bloomberg Billionaires Index. Chang, 86, owns 0.5% of the business directly and through his family, according to a May 2017 filing to the Taiwan Stock Exchange.
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