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DIGITIMES ASIA: Exit of TSMC's star procurement VP raises industry eyebrows

1. Vanessa Lee resigns as TSMC's Vice President of Materials Management. 2. Lee's departure raises speculation about internal management issues. 3. Cliff Hou will take over her responsibilities at TSMC. 4. Lee was instrumental in optimizing TSMC's supplier relations. 5. Her exit might influence TSMC's procurement strategies long-term.

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FAQ

Why Bearish?

Leadership changes in procurement, particularly of key personnel like Lee, can disrupt operations. Historical examples show executive turnover in tech firms can lead to stock volatility.

How important is it?

Lee's role was pivotal in TSMC's supply chain efficiency, making her departure impactful. The transition might lead to uncertainty in procurement operations, affecting investor perceptions.

Why Long Term?

The effects of management changes often unfold over time, potentially affecting supplier relationships and operational efficiency. Previous cases, like the turnover at Intel, indicate long-term consequences.

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, /PRNewswire/ -- Vanessa Lee, Vice President of Materials Management at Taiwan Semiconductor Manufacturing Co. (TSMC), has drawn industry attention with her unexpected resignation. One month after taking an extended leave, TSMC announced on July 11 that Lee has stepped down for personal reasons and will officially depart on July 13, 2025.Cliff Hou, Senior Vice President and Co-Chief Operating Officer, will concurrently assume responsibility for materials management. According to sources, TSMC(2330.TW) recruited Lee in 2022 due to her extensive procurement experience at leading U.S. tech firms, including Apple and Alphabet Inc. Her sudden departure has sparked a wave of speculation. While some attribute it to personal career planning, others suggest internal management frictions may have played a role—though none of these claims have been confirmed. Lee joined TSMC in 2022 as Senior Director of Materials Management and was promoted to Vice President in 2024, becoming the youngest person to hold that title in the company's history.Her prior role as Apple's director of global procurement was widely viewed as instrumental to her recruitment. TSMC is said to have made significant efforts to bring her onboard, viewing her leadership in managing complex supplier ecosystems as critical.In May 2025, Lee was seen attending a private dinner between NVIDIA CEO Jensen Huang, TSMC Chairman C.C. Wei, and other executives, highlighting her growing influence within the organization. She also represented the company at several major supply chain events during her tenure.She holds a bachelor's degree in chemistry from Soochow University and a master's degree in chemistry from National Taiwan University.Before joining TSMC, Lee served as Global Commodity Manager at Alphabet Inc. (2020–2022), Procurement Director at Apple (2011–2019), Senior Sourcing Manager at Qualcomm Inc. (2007–2011), and Technical Marketing Manager at Hermes-Epitek (2004–2007)—the latter later acquired by ASML Holding.She remains best known in the industry for her tenure at Apple, where she exercised global procurement authority and was instrumental in shaping the company's supplier relationships.According to TSMC's official website:"Ms. Vanessa Lee is Vice President of the Materials Management Organization at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC). Ms. Vanessa Lee joined TSMC in 2022 and was appointed Senior Director of Materials Management. She established a working model and system to provide TSMC's demand forecast to suppliers, and built capability to monitor and track the development and delivery status of TSMC's key suppliers. This capability and the resulting transparency significantly raised the efficiency of collaboration between TSMC and its suppliers, and enabled TSMC to overcome supply chain disruptions in tools and materials during the COVID-19 pandemic.Prior to joining TSMC, Ms. Vanessa Lee worked for Google as global commodity manager between 2020 and 2022. She was a procurement director at Apple from 2011 to 2019, and a senior sourcing manager at Qualcomm from 2007 to 2011."SOURCE DIGITIMES ASIA WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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