Biotechnology firm OBI Pharma Inc (浩鼎) last year gave the largest compensation packages on average to its employees among all listed firms on the local equity market, followed by IC designer MediaTek Inc (聯發科), data compiled by the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEx) showed.
Employees of OBI Pharma, listed on the over-the-counter TPEx, last year received an average of NT$3.96 million (US$131,540) in compensation, ahead of TWSE-listed MediaTek, which paid out an average of NT$3.23 million to its employees, the data showed.
Compensation packages refer to direct benefits, such as salaries, allowances, bonuses and commissions, as well as indirect benefits, such as insurance and pension plans, received by employees from their employers.
Following MediaTek on the main board, Hotai Motor Co (和泰汽車), a local sales agent for Japan’s Toyota Motor Corp, came in second, paying about NT$3 million on average, followed by connector maker Foxconn Technology Co (鴻準) at NT$2.88 million; Hon Hai Precision Industry Co (鴻海), an assembler of iPhones and iPads for Apple Inc, at NT$2.6 million; and window curtain supplier Nien Made Enterprise Co (億豐) at NT$2.26 million.
Smartphone camera lens supplier Largan Precision Co (大立光), which was the top earner in terms of earnings per share on the local equity market, took 45th place on the local main board with about NT$1.6 million on average.
After OBI Pharma on the TPEx, LED material maker Topco Technologies Co (崇越) took second place, paying NT$2.85 million on average, followed by Medigen Biotechnology Corp (基亞) at NT$2.57 million, IC designer eMemory Technology Inc (力旺) at NT$2.29 million and Internet equipment provider Bothhand Enterprise Co (帛漢) at NT$2.25 million.
Total compensation by firms listed on the TWSE to their employees last year hit NT$1.31 trillion, a 0.9 percent increase from 2015, the data showed.
The average compensation package by firms listed on the main board rose 2.45 percent year-on-year to NT$1.09 million, the data showed.
Total compensation by firms listed on the TPEx to their employees last year reached NT$171 billion, a 4.59 percent rise from 2015, with the average compensation package increasing 2.41 percent year-on-year to NT$850,000.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
FACTORY SHIFT: While Taiwan produces most of the world’s AI servers, firms are under pressure to move manufacturing amid geopolitical tensions Lenovo Group Ltd (聯想) started building artificial intelligence (AI) servers in India’s south, the latest boon for the rapidly growing country’s push to become a high-tech powerhouse. The company yesterday said it has started making the large, powerful computers in Pondicherry, southeastern India, moving beyond products such as laptops and smartphones. The Chinese company would also build out its facilities in the Bangalore region, including a research lab with a focus on AI. Lenovo’s plans mark another win for Indian Prime Minister Narendra Modi, who tries to attract more technology investment into the country. While India’s tense relationship with China has suffered setbacks