Apple’s Secret New iPhone Just Made This 86-Year-Old a Billionaire
- TSMC chairman sees fortune hit $1 billion on share rally
- Apple’s chipmaker climbs 27 percent in lead-up to new iPhone
Apple Working on Feature to Use Face to Unlock iPhone
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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 percent in the past year, lifting founder and Chairman Morris Chang’s personal fortune to $1 billion, according to the Bloomberg Billionaires Index. Chang, 86, owns 0.5 percent of the business directly and through his family, according to a May 2017 filing to the Taiwan Stock Exchange.