Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s foremost contract chipmaker, was rated in a recent survey as the best company to work for in Taiwan, according to the results of the survey released yesterday.
Restaurant chain operator Wowprime Corp (王品) came in second, followed by Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker; Uni-President Enterprises Corp (統一企業), one of Taiwan’s leading food makers; and Chunghwa Telecom Co (中華電信), the nation’s largest telecoms operator.
China Steel Corp (中鋼), Taiwanese smartphone maker HTC Corp (宏達電), flat-panel maker Chimei Innolux Corp (奇美電子), state-run oil refiner CPC Corp, Taiwan (CPC, 台灣中油) and the Formosa Plastics Group (FPG, 台塑集團), one of the nation’s leading conglomerates, took the sixth to 10th places.
David Chang (張大為), president of China Credit Information Service Ltd (CCIS, 中華徵信所), which conducted the survey from Oct. 3 to Oct. 31, said the 10 best companies to work for are leading brands in their respective sectors and they were chosen because of their corporate image, salaries and perks, and willingness to recognize employees’ creativity.
Chang said the survey rated each company in accordance with salaries, job responsibilities, benefit systems, employees’ sense of accomplishment and promotion opportunities.
Taking TSMC chairman and chief executive officer Morris Chang (張忠謀) as an example — who said last week in a letter to employees that he is opposed to having employees working overtime frequently — David Chang said this indicated that the industrialist values effectiveness and is willing to provide his employees with favorable benefits and bonuses.
As for Wowprime, which owns 11 restaurant chains with 265 outlets in Taiwan and China, the company came high on the list because of its corporate culture, which encourages its employees to fulfill their dreams and implements a “collective sharing” reward system that makes the company an ideal destination for individuals interested in the food industry, Chang said.
In an online job bank survey conducted last month, Wowprime chairman Steve Day (戴勝益) was rated the most admired executive among his local peers because of his management style.
In the 1111 Job Bank survey, Day was followed by TSMC’s Morris Chang.
Meanwhile, David Chang said yesterday Chimei came in the top 10 because it allocated NT$68 million (US$2.33 million) last year for employee bonuses even though the company incurred a deficit.
STAYING AHEAD: Fitch said that TSMC remains technologically ahead of others, but Samsung is building a new chip fab, while China is investing in its domestic industry As escalating US-China tensions and COVID-19-related production disruptions force US technology supply chains to transform, Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) US$12 billion chip fabrication plant in Arizona would be key to spurring greater US production of core semiconductor components, Fitch Ratings said. “We view the US-TSMC alliance as a first step in building a more autonomous US technology supply chain, given high barriers to entry, specifically related to the significant capital and design capability required for leading-edge semiconductor manufacturing,” Fitch said in a statement on Tuesday. “By working with TSMC, US chipmakers will not face the financial burden of incremental investment
DIVERSIFICATION: Although COVID-19 would push more companies to produce in emerging markets, DBS said that it was unlikely that firms would totally leave China Geopolitical tensions and supply disruptions are expected to accelerate the migration of manufacturing out of China, as concerns about the risk of production concentrated in one country increase, S&P Global Ratings said. Although its economic expansion might be weaker than previous levels due to the accelerated relocation of manufacturing, China’s economic growth would still be stronger than that of most other economies, the ratings agency said. “While absolute growth rates will moderate, we believe China’s economic performance will continue to be a key sovereign credit support,” S&P Global Ratings credit analyst Tan Kim Eng (陳錦榮) said in a statement on Thursday. “Its growth
Taiwan’s corporate landscape has changed significantly over the past 20 years, with Hon Hai Precision Industry Co (鴻海精密) replacing Formosa Plastics Corp (台塑) as the revenue leader, while Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) has emerged as the most profitable firm, a survey of Taiwan’s 50 largest companies published on Tuesday last week showed. The Chinese-language CommonWealth Magazine survey ranked Taiwan’s 50 largest companies based on their revenue last year, and compared them with the results of a similar survey it conducted in 2000. Only 33 companies on the original list remained in this year’s rankings, the survey found, following two
Luxury hotel Mandarin Oriental Taipei (文華東方酒店) yesterday announced that it would suspend guestroom operations and lay off related staffers from Monday, as regional border controls and travel restrictions are unlikely to be lifted anytime soon. The partial shutdown would not affect the five-star hotel’s restaurants, bars, spa, and conference and banquet facilities, which this month have almost recovered to pre-pandemic levels, it said. “Mandarin Oriental Taipei will suspend all guestroom services from June 1 due to the impact of the COVID-19 pandemic,” the hotel said after four months of maintaining normal operations proved unsustainable. The change necessitates downsizing and the hotel is handling