Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said it planned to increase its workforce by about 12 percent this year as part of its efforts to create opportunities for growth.
The recruitment matches the Hsinchu-based chipmaker’s aggressive capacity expansion plan this year to meet a strong rebound in the semiconductor industry and to cope with escalating competition.
TSMC budgeted a record high US$4.8 billion for new facilities and equipment this year.
“The past successes of TSMC have relied on contributions from all of you, and our future development will need a keen sense of commitment to continue to succeed in the competition to come,” TSMC chairman Morris Chang (張忠謀) said in a letter to company employees.
The company planned to recruit more than 2,400 new employees. TSMC currently employs more than 20,000 people around the world.
Outsourced staff serving with TSMC will receive first priority in recruitment, the company said.
Last month, Chang upgraded his forecast for the global semiconductor industry this year to 18 percent year-on-year growth by revenue. That was an increase from the 9 percent growth he had forecast previously, because the improving global economy is expected to help stimulate electronics demand.
Local rival United Microelectronics Corp (聯電) said last week it planned to hire 1,000 engineers for its advanced factory in Tainanand it planned to set up a training center for new staff.
The recovery in the global economy also spread to the liquid-crystal-display (LCD) industry.
Yesterday, the nation’s biggest LCD panel maker AU Optronics Corp (友達光電) said it planned to hire 2,500 new employees with expertise either in the LCD sector, or in green energy sectors like solar, or OLED technologies.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Pegatron Corp (和碩), an iPhone assembler for Apple Inc, is to spend NT$5.64 billion (US$186.82 million) to acquire HTC Corp’s (宏達電) factories in Taoyuan and invest NT$578.57 million in its India subsidiary to expand manufacturing capacity, after its board approved the plans on Wednesday. The Taoyuan factories would expand production of consumer electronics, and communication and computing devices, while the India investment would boost production of communications devices and possibly automotive electronics later, a Pegatron official told the Taipei Times by telephone yesterday. Pegatron expects to complete the Taoyuan factory transaction in the third quarter, said the official, who declined to be