Morris Chang, first ‘K.T.Li Award’ Recipient, contributions to Taiwan’s Tech and Economic Development
The Kwoh-Ting Li Science and Technology Development Foundation established the Kwoh-Ting Li Award this year, and the review committee unanimously selected Morris Chang, the founder of TSMC, as the first winner
To promote the spirit of former Presidential Advisor Kwoh-Ting Li, the Kwoh-Ting Li Technology Development Foundation has established the Kwoh-Ting Li Award this year to recognize individuals who have made significant contributions to Taiwan’s economic and technological development. The judging committee unanimously selected Morris Chang, the founder of TSMC, as the inaugural recipient. During a media exchange event held today, Wang Boyuan, Chairman of the Kwoh-Ting Li Technology Development Foundation, stated that Morris Chang has made significant contributions to Taiwan’s technological and economic development, and the award is well-deserved.
Wang Boyuan mentioned that during his 50 years in Taiwan, Kwoh-Ting Li served as Minister of Economic Affairs, Minister of Finance, Political Deputy Minister, and Presidential Advisor, playing a crucial role in Taiwan’s economic and technological development. CY Huang, Vice Chairman of the Kwoh-Ting Li Technology Development Foundation, added that Kwoh-Ting Li not only promoted the establishment of the Kaohsiung Export Processing Zone, Science Parks, TSMC, and the Institute for Information Industry but also introduced venture capital to Taiwan, facilitating two transitions from agriculture to industry and industry to technology.
Wang Boyuan pointed out that, to propagate the spirit of Kwoh-Ting Li, the foundation established the Kwoh-Ting Li Award this year to recognize those who have made significant contributions to Taiwan’s economic and technological development. The judging committee, including Wang Boyuan, former Vice President Vincent Siew, Delta Electronics founder Bruce Cheng, former National Taiwan University President Zhen Sun, Industrial Technology Research Institute Chairman Chih-Kung Lee, former President of the Industrial Technology Research Institute, C. T. Liu, and lawyer Jaclyn Tsai, unanimously selected Morris Chang as the first awardee. Morris Chang, the founder of TSMC, has represented Taiwan for many years at the Asia-Pacific Economic Cooperation (APEC) and made substantial contributions to Taiwan’s technology and economy.
Wang Boyuan continued by stating that the Kwoh-Ting Li Award does not come with a cash prize. However, a specially designed trophy will be presented, assisted by the Industrial Technology Research Institute, featuring a frame adorned with a “Nine Ding” design symbolizing a “national treasure” and laser-colorful patterns as the base, enhanced with 3D-printed relief carvings to embody the spirit of the Kwoh-Ting Li Award. In the future, the foundation will continue to recognize individuals who have made significant contributions to Taiwan’s economy, technology, and industrial development, awarding them the Kwoh-Ting Li Award. The foundation will also regularly invite international figures to Taiwan for forums, allowing the Taiwanese public to understand forward-looking industries and connections with foreign countries.
In March of this year, during the “Semiconductor Century Dialogue” event organized by CommonWealth Magazine, Morris Chang revealed that Kwoh-Ting Li was the only person in the government who believed in him. Due to Kwoh-Ting Li’s support, the government invested NT$5.5 billion in TSMC, holding a 48% stake. TSMC went public in Taiwan in 1994, and the government wanted to sell its shares immediately. To expedite the sale, TSMC listed on the New York Stock Exchange in the United States. It was only after the government’s stake was reduced to 6%, and with Chang’s reminder, that the government decided not to sell TSMC stocks anymore.
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