More than 50 firms listed on the local main board and the over-the-counter market plan to give their employees a pay raise matching or beating a raise announced by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), data showed on Saturday.
TSMC, the world’s largest pure foundry operator, last week announced that it would raise its employees’ salaries by between 3 and 5 percent this year, the same as last year, making the chipmaker an exception in the nation, where wages have stagnated for years.
TSMC has been dubbed one of the “happy enterprises,” because it raises wages every year.
Numerous listed companies are planning to follow TSMC’s example, according to their filings to the Taiwan Stock Exchange (TWSE).
Integrated circuit packaging and testing services providers King Yuan Electronics Co (京元電子) and Powertech Technology Inc (力成科技); radio frequency integrated circuit supplier RichWave Technology Corp (立積電子); and Medigen Biotechnology Corp (基亞生技) will raise salaries by between 3 and 5 percent, TWSE data showed.
Gym equipment maker Keysheen (Cayman) Holdings Co (基勝開曼控股) plans to raise salaries by between 1 and 8 percent, according to the data.
Taiwan Cement Corp (台灣水泥), the nation’s largest cement supplier, and Internet and communications device maker Radiation Technology Inc (里華科技) are planning to hike wages by between 2 and 7 percent, TWSE data showed.
Biotech firms Microbio Co Ltd (中天生技) and Oneness Biotech Co Ltd (合一生技) plan to raise wages by between 2 and 10 percent, while Formosa International Hotels Corp (晶華酒店) would increase wages by between 3 and 6 percent, according to the data.
Movie theater operator Wanhwa Enterprise Co (萬華企業) plans to raise salaries by between 3 and 15 percent this year, the data showed.
Apart from wage hike, TSMC distributed NT$44.84 billion in bonuses to its employees last year, with each employee receiving NT$1.07 million on average .
The company last year posted a record NT$334.25 billion (US$11.061 billion) in net profit, with earnings per share of NT$12.89.
Three experts in the high technology industry have said that US President Donald Trump’s pledge to impose higher tariffs on Taiwanese semiconductors is part of an effort to force Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to the negotiating table. In a speech to Republicans on Jan. 27, Trump said he intends to impose tariffs on Taiwan to bring chip production to the US. “The incentive is going to be they’re not going to want to pay a 25, 50 or even a 100 percent tax,” he said. Darson Chiu (邱達生), an economics professor at Taichung-based Tunghai University and director-general of
Hon Hai Precision Industry Co (鴻海精密) is reportedly making another pass at Nissan Motor Co, as the Japanese automaker's tie-up with Honda Motor Co falls apart. Nissan shares rose as much as 6 percent after Taiwan’s Central News Agency reported that Hon Hai chairman Young Liu (劉揚偉) instructed former Nissan executive Jun Seki to connect with French carmaker Renault SA, which holds about 36 percent of Nissan’s stock. Hon Hai, the Taiwanese iPhone-maker also known as Foxconn Technology Group (富士康科技集團), was exploring an investment or buyout of Nissan last year, but backed off in December after the Japanese carmaker penned a deal
WASHINGTON POLICY: Tariffs of 10 percent or more and other new costs are tipped to hit shipments of small parcels, cutting export growth by 1.3 percentage points The decision by US President Donald Trump to ban Chinese companies from using a US tariff loophole would hit tens of billions of dollars of trade and reduce China’s economic growth this year, according to new estimates by economists at Nomura Holdings Inc. According to Nomura’s estimates, last year companies such as Shein (希音) and PDD Holdings Inc’s (拼多多控股) Temu shipped US$46 billion of small parcels to the US to take advantage of the rule that allows items with a declared value under US$800 to enter the US tariff-free. Tariffs of 10 percent or more and other new costs would slash such
SENSOR BUSINESS: The Taiwanese company said that a public tender offer would begin on May 7 through its wholly owned subsidiary Yageo Electronics Japan Yageo Corp (國巨), one of the world’s top three suppliers of passive components, yesterday said it is to launch a tender offer to fully acquire Japan’s Shibaura Electronics Co for up to ¥65.57 billion (US$429.37 million), with an aim to expand its sensor business. The tender offer would be a crucial step for the company to expand its sensor business, Yageo said. Shibaura Electronics is the world’s largest supplier of thermistors, with a market share of 13 percent, research conducted in 2022 by the Japanese firm showed. If a deal goes ahead, it would be the second acquisition of a sensor business since