Cathay Financial Holding Co (國泰金控), Taiwan’s largest financial services provider by assets, retained its title this year as the largest employer among listed peers, according to a Taiwan Stock Exchange’s (TWSE) social responsibility review released yesterday.
Cathay Financial employs about 43,000 people, comfortably ahead of the next company on the list, contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電), which has 30,113 employees, and third-place Fubon Financial Holding Co (富邦金控), with 28,954 employees, the exchange said.
Telecoms operator Chunghwa Telecom Co (中華電信) and chip packager and tester Advanced Semiconductor Engineering Inc (日月光半導體) ranked fourth and fifth with 24,664 and 19,500 employees respectively, the exchange said.
“Each employee [helps] support one family,” TWSE chairman Schive Chi (薛琦) said.
Along with the annual review, the stock exchange said its Taiwan Employment Creation 99 Index added five new members this year: Taishin Financial Holding Co (台新金控), Wowprime Corp (王品), Catcher Technology Corp (可成), Far Eastern International Bank (遠東銀) and Largan Precision Co (大立光).
“The index is intended as a benchmark to guide institutional and retail investors as they look to invest in companies with a top ranking,” Schive said.
The main criteria for selecting the 99 companies include profit per employee and turnover rate. Companies with turnover rates of 1 percent or lower are not selected, the exchange said.
The 99 constituent firms employed a total of 599,000 personnel this month, up 1 percent from a year ago, the exchange said.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
RSS