More than 77 percent of young, working adults in Taiwan said they are interested in working overseas, with Japan, the US and Singapore among the most popular destinations, a poll released yesterday by 1111 Job Bank (1111人力銀行) said.
The poll, which surveyed 1111 Job Bank members under the age of 35 by e-mail, found that many respondents who said they liked the idea of working overseas believed that better pay and benefits would be on offer overseas, while the experience would improve their competitiveness in the job market.
The respondents, 3.4 percent of whom are working abroad, said that overseas jobs could help expand their perspectives, improve their language abilities and job prospects, the poll said.
The top potential destinations the respondents said they would consider were Japan, the US, Singapore, China, New Zealand and Australia.
The high percentage of young people who are willing to work abroad might be related to the high youth unemployment rate in Taiwan, 1111 Job Bank deputy general manager Daniel Lee (李大華) said.
The unemployment rate rose to the highest level in two years at 4.08 percent in August, with joblessness much higher among those under the age of 29, Lee said.
It was 13.43 percent among the 20-24 age group, 9.05 percent among the 15-19 age group and 6.98 percent among the 25-29 age bracket, Lee said, citing figures from the Directorate-General of Budget, Accounting and Statistics.
The poll, conducted between Sept. 20 and Tuesday, collected 1,116 valid samples.
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
VERTICAL INTEGRATION: The US fabless company’s acquisition of the data center manufacturer would not affect market competition, the Fair Trade Commission said The Fair Trade Commission has approved Advanced Micro Devices Inc’s (AMD) bid to fully acquire ZT International Group Inc for US$4.9 billion, saying it would not hamper market competition. As AMD is a fabless company that designs central processing units (CPUs) used in consumer electronics and servers, while ZT is a data center manufacturer, the vertical integration would not affect market competition, the commission said in a statement yesterday. ZT counts hyperscalers such as Microsoft Corp, Amazon.com Inc and Google among its major clients and plays a minor role in deciding the specifications of data centers, given the strong bargaining power of
TARIFF SURGE: The strong performance could be attributed to the growing artificial intelligence device market and mass orders ahead of potential US tariffs, analysts said The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday. The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed. Analysts attributed the
RSS