Chang’s personal fortunes have risen with those of the latest iPhone. Patrick Lin/AFP
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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. TSMC's market cap has swelled to 183 billion new Taiwan dollars, making it the most valuable company on Taiwan's stock exchange. Hon Hai Precision Industry Co., the listed flagship of iPhone assembler Foxconn Technology Group, is the second-most valuable company on the exchange, rising 52 percent in the past year to 66 billion new Taiwan dollars.
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