Both the government and the private sector in Taiwan are facing a critical period to successfully impliment fundamental reforms, Morris Chang (
Addressing a conference of personnel officers of government organizations at the Examination Yuan, Chang said that an enterprise must take the initiative to seek progress and improvement through reforms when a company's existence or growth is challenged.
Using TSMC as an example, Chang said that in reforming an enterprise, customer-oriented strategies, streamlining the organization and its operations, introducing innovations, being adaptable and having an active management team that understands and uses evaluation systems, business ethics and vision should all be taken into account.
Copying old patterns along with hesitating to make reforms will lead the government or an enterprise into stagnation, Chang said. He warned that Taiwan is sliding toward such stagnation and that quickly introducing fundamental reforms is critical.
Arguably the most influential business executive in Taiwan, Chang said that in terms of reforms, the approaches of the government and the private sector may vary, but many key elements are the same.
After the speech, Chang said that TSMC's sales will improve with each quarter this year, reiterating that the company's business will grow faster than the overall industry this year.
Earlier in May, Chang said at an annual shareholders meeting that TSMC expects its sales growth to exceed the 5 percent to 12 percent estimated by various organizations for the global chip industry this year.
The sector is rebounding from its worst year.
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ENERGY IMPACT: The electricity rate hike is expected to add about NT$4 billion to TSMC’s electricity bill a year and cut its annual earnings per share by about NT$0.154 Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has left its long-term gross margin target unchanged despite the government deciding on Friday to raise electricity rates. One of the heaviest power consuming manufacturers in Taiwan, TSMC said it always respects the government’s energy policy and would continue to operate its fabs by making efforts in energy conservation. The chipmaker said it has left a long-term goal of more than 53 percent in gross margin unchanged. The Ministry of Economic Affairs concluded a power rate evaluation meeting on Friday, announcing electricity tariffs would go up by 11 percent on average to about NT$3.4518 per kilowatt-hour (kWh)
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