Among the listed corporations in Taiwan, high-tech companies are the most generous to their directors and supervisors, with Acer (宏碁) topping the list, paying each of its directors NT$95.42 million (US$3.3 million) in remuneration and wages last year, according to a report released by Taiwan Stock Exchange Corp on Friday.
Acer spent more than NT$667 million on remuneration and wages for company directors last year, also the highest figure among companies listed on the Taiwan Stock Exchange, the report showed.
Compared with companies in the conventional industrial and financial sectors, directors at electronics firms are more likely to also serve as employees.
According to stock exchange statistics, the remuneration for each Acer director only reached NT$3.95 million last year, far lower than the average of more than NT$10 million for board members of other major technology companies like Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) and Taiwan Semiconductor Manufacturing Company (TSMC, 台積電).
However, after taking their salaries as employees into account, the Acer directors were the best paid.
Among the top 10 remunerations including employee salaries, TSMC directors received an annual income of NT$61.89 million, followed by ASE at NT$49.08 million, Chinatrust Financial Holding Co (中信金控) with NT$48.05 million and Uni-President Enterprises (統一) at NT$47.77 million. Compal Electronics (仁寶電腦) directors received NT$40.02 million, with Pou Chen Group (寶成) at NT$39.31 million and Asustek Computer(華碩電腦) at NT$38.91 million. Far Eastern New Century (FENC, (遠東新世紀) and Gigabyte (技嘉) were in ninth and 10th places, with company directors receiving an annual income of NT$38.83 million and NT$36.35 million, respectively.
Counting just remuneration, FENC’s directors were the highest earners, with each one receiving NT$35.64 million last year, the stock exchange report showed.
Stock exchange officials said that Friday’s figures were estimates and would be updated to include the actual amounts in January.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
ARTIFICIAL INTELLIGENCE: The chipmaker last month raised its capital spending by 28 percent for this year to NT$32 billion from a previous estimate of NT$25 billion Contract chipmaker Powerchip Semiconductor Manufacturing Corp (力積電子) yesterday launched a new 12-inch fab, tapping into advanced chip-on-wafer-on-substrate (CoWoS) packaging technology to support rising demand for artificial intelligence (AI) devices. Powerchip is to offer interposers, one of three parts in CoWoS packaging technology, with shipments scheduled for the second half of this year, Powerchip chairman Frank Huang (黃崇仁) told reporters on the sidelines of a fab inauguration ceremony in the Tongluo Science Park (銅鑼科學園區) in Miaoli County yesterday. “We are working with customers to supply CoWoS-related business, utilizing part of this new fab’s capacity,” Huang said, adding that Powerchip intended to bridge
Qualcomm Inc, the world’s biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump. Revenue in the three months ended in June will be US$8.8 billion to US$9.6 billion, the company said in a statement Wednesday. Excluding certain items, earnings will be US$2.15 to US$2.35 a share. Analysts had projected sales of US$9.08 billion and earnings of US$2.16 a share. The outlook signals that the smartphone market has begun to bounce back, tracking with Qualcomm’s forecast that demand would gradually recover this year. The San
Apple Inc has been developing a homegrown chip to run artificial intelligence (AI) tools in data centers, although it is unclear if the semiconductor would ever be deployed, the Wall Street Journal reported on Monday. The effort would build on Apple’s previous efforts to make in-house chips, which run in its iPhones, Macs and other devices, according to the Journal, which cited unidentified people familiar with the matter. The server project is code-named ACDC (Apple Chips in Data Center) within the company, aiming to utilize Apple’s expertise in chip design for the company’s server infrastructure, the newspaper said. While this initiative has been