Liu, who joined TSMC in 1993, said he would like to put his "decades of semiconductor experience to other use, spend more time with my family, and start the next chapter of my life", according to a company statement.
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Foxconn: Gou was the fourth person to throw his hat in the ring, but his poll numbers have put him at the bottom and well behind the front-runner, the ruling Democratic Progressive Party s (DPP) William Lai, who is currently vice president.