UMC (United Microelectronics Corporation), a leading global semiconductor manufacturer, has announced a change at the top of its organizational structure. Jason Wang has been appointed CEO, a move that marks the end of the co-president model previously in place.

This reorganization, according to reports, is aimed at improving operational efficiency and providing a clearer direction for the company in an increasingly competitive semiconductor market. The appointment of a single CEO should allow for faster decision-making processes and greater responsiveness to industry dynamics.

UMC is a key player in the semiconductor ecosystem, providing manufacturing services to numerous fabless companies worldwide. The company continues to invest in new technologies and production capabilities to meet the growing demand for advanced chips.