The vast majority of Taiwan’s office workers intend to continue working after they retire, mainly due to financial concerns or to gain a sense of achievement, a survey conducted by 1111 Job Bank (1111人力銀行) has found.
According to the results of the poll released yesterday, 85.9 percent of respondents said they would still work in one form or another after retiring.
About 51 percent said they will look for part-time work, another 13 percent intend to start their own business and 18 percent will devote their energy to investing and managing their wealth, the poll found. Another 3.8 percent said they would try to find a full-time job.
When asked why they wanted to continue working after reaching retirement age, some respondents said they feared being short of money, while others cited wanting to kill time or gaining a sense of achievement.
Asked what they feared most after retiring, 87.2 percent of respondents said they most feared falling ill, 45.5 percent feared being bored and 31 percent were worried about not having enough money if they lived too long.
The government should quicken its pace in establishing a comprehensive care system for senior citizens, especially in view of Taiwan’s rapidly aging population, 1111 Job Bank vice president Ho Chi-sheng (何啟聖) said.
Ho also advised enterprises to improve their work conditions and lower hiring thresholds for middle-aged and elderly workers.
The online survey, conducted from Oct. 9 to 22, collected 1,160 valid responses and had a confidence level of 95 percent, with a margin of error of plus or minus 2.87 percentage points.
GROWING OWINGS: While Luxembourg and China swapped the top three spots, the US continued to be the largest exposure for Taiwan for the 41st consecutive quarter The US remained the largest debtor nation to Taiwan’s banking sector for the 41st consecutive quarter at the end of September, after local banks’ exposure to the US market rose more than 2 percent from three months earlier, the central bank said. Exposure to the US increased to US$198.896 billion, up US$4.026 billion, or 2.07 percent, from US$194.87 billion in the previous quarter, data released by the central bank showed on Friday. Of the increase, about US$1.4 billion came from banks’ investments in securitized products and interbank loans in the US, while another US$2.6 billion stemmed from trust assets, including mutual funds,
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
JOINT EFFORTS: MediaTek would partner with Denso to develop custom chips to support the car-part specialist company’s driver-assist systems in an expanding market MediaTek Inc (聯發科), the world’s largest mobile phone chip designer, yesterday said it is working closely with Japan’s Denso Corp to build a custom automotive system-on-chip (SoC) solution tailored for advanced driver-assistance systems and cockpit systems, adding another customer to its new application-specific IC (ASIC) business. This effort merges Denso’s automotive-grade safety expertise and deep vehicle integration with MediaTek’s technologies cultivated through the development of Media- Tek’s Dimensity AX, leveraging efficient, high-performance SoCs and artificial intelligence (AI) capabilities to offer a scalable, production-ready platform for next-generation driver assistance, the company said in a statement yesterday. “Through this collaboration, we are bringing two
Even as the US is embarked on a bitter rivalry with China over the deployment of artificial intelligence (AI), Chinese technology is quietly making inroads into the US market. Despite considerable geopolitical tensions, Chinese open-source AI models are winning over a growing number of programmers and companies in the US. These are different from the closed generative AI models that have become household names — ChatGPT-maker OpenAI or Google’s Gemini — whose inner workings are fiercely protected. In contrast, “open” models offered by many Chinese rivals, from Alibaba (阿里巴巴) to DeepSeek (深度求索), allow programmers to customize parts of the software to suit their