Taiwan's place at the top of the industrial food chain is being threatened by a brain drain as professionals head to China for better career prospects amid political turmoil and economic slowdown at home.
Taiwanese businesspeople have invested in tens of thousands of Chinese factories that provide white-collar jobs such as accounting, management, production planning and quality control to their compatriots.
Expanding demand in expertise in other fields -- notably asset management, business administration, research and development, marketing, medical sciences and aviation -- have also prompted more Taiwanese to try their luck in a place that for more than half a century has been the island's arch enemy.
According to 104 Corporation (104
The number of posts offered on the 104 site by companies in Greater China, which includes China, Hong Kong and Macao, was 8,000 last month.
"The applicants wish to position themselves in the huge, growing market. Those with experience look for career advancement and fresh graduates hope to develop their potential there," said Max Fang (
A sluggish domestic economy, coupled with political animosity, have accelerated the exodus of local industries to China, now Taiwan's leading overseas investment destination.
"Along with the industries went capital and talent. But in this global village, it is only natural that the rising giant is luring more money and brains from the rest of the world, especially Taiwan," said Soong Kuo-cheng (宋國誠), a researcher on Taiwan-China affairs at Chengchi University's Institute of International Relations.
"But the worst part of the brain drain is the flight of top-level researchers in biochemistry, medicine, computer science, DNA engineering and aviation materials," Soong said.
Language similarities and close historical and cultural bonds across the Taiwan Strait mean Taiwanese are at ease working there despite hostilities between the two governments, said Song.
Business and civilian exchanges have boomed in the past decade amid various liberalizations adopted by both sides.
Local businesspeople have channeled an estimated total of US$150 billion to China, which took some 41 percent of the island's total exports in the first 11 months of last year.
An estimated 1 million Taiwanese, or 4.3 percent of the island's population, are either working or living in China, according to the Mainland Affairs Council, which handles cross-strait civilian affairs.
Most are in fields related to manufacturing and business, but in recent years professionals in the service industry as well in cultural fields -- art, education, communications and entertainment -- also joined the gold rush.
Peking University last year hired three of Taiwan's top professors to teach at its Guanghua School of Management, funded by noted Taiwanese entrepreneur Yin Yan-liang (
Last month, 12 Taiwanese pilots, averaging 40 years old, followed eight colleagues to join China's Sichuan Airlines (四川航空), reportedly for higher pay and better benefits.
"Given the great demand in China's commercial aviation business, I really fear that more of our experienced pilots will move to [China]. Something must be done here to keep them home. Aviation skills cannot be trained overnight, you know," said a pilot who asked not to be identified.
In September, 23-year-old Zeng Yilun (曾怡綸) joined China's Shenzhen Airlines to become the first Taiwanese to serve as cabin chief with a Chinese airline, after working as a flight attendant for several other airliners there.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS