The world's largest laptop maker, Quanta Computer Inc (
About 1,500 employees of Quanta Computer are expected to be relocated to affiliated companies such as Quanta Display Inc (
Citing Quanta Chairman Barry Lam (
Employees who do not want to be relocated to other companies or transferred to overseas factories will be given the choice of early retirement, the company said.
The Taoyuan-based company is scheduled to announce a detailed plan today, according to the paper.
Quanta Computer is cutting its domestic workforce because the company has been expanding production capacity in China, Europe and the US, while turning Taiwan into a base for research and development, the report stated.
Quanta Display, which employs 5,300 people, makes flat-panel displays for desktop monitors and notebooks. The company this month borrowed NT$30 billion (US$890 million) from 26 banks to set up a new factory to meet growing flat-panel demand.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
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