TSMC announced on September 25 that Y.L. Wang has resigned from his role as director and CEO of TSMC Arizona Corporation, effective October 1. Wang’s departure marks the completion of a critical phase in stabilizing the Arizona fab, with Ray Chuang, VP of operations and CEO of EMSC, appointed to succeed him. Wang will return to Taiwan to continue serving as an operations executive and is expected to be promoted to senior vice president by 2025 as part of TSMC’s leadership succession planning.