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Taiwan Semiconductor Manufacturing Co. founder and Chairman Morris Chang will retire next June, handing the helm of the world’s largest producer of made-to-order microchips to the company’s two co-chief executives.

Breaking with tradition, Chang used his retirement announcement to issue a 2017 revenue forecast that surpassed analysts’ estimates. TSMC’s sales growth should be close to 10 percent this year in dollar terms, he said, a pace that surpasses the roughly 4 percent projected.

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