Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said that it contributed more than 4 percent of Taiwan’s GDP last year as its added value increased.
TSMC investments created NT$792.9 billion (US$25.24 billion) in added value last year, it said in a corporate social responsibility report.
The figure was 4.85 percent higher than the previous year and accounted for 4.46 percent of GDP, the company said.
Since 2015, the company has been working with the Industrial Technology Research Institute (ITRI, 工研院) to determine how it can contribute to the growth of the domestic economy by utilizing local resources, TSMC said.
In addition to the higher added value, it also generated NT$1.024 trillion in production value last year, hiring 43,000 employees, it said.
That created a spillover effect that resulted in an additional national output of almost NT$2 trillion and 364,000 job openings nationwide, the report said.
ADDED VALUE
Its added value ratio, which is the ratio of added value to production value, was about 77 percent last year, far above the average of 30 percent for other firms in Taiwan, it said.
Its added value and production value were records last year, the company said.
TSMC posted a record NT$351.13 billion in net profit last year — an annual increase of 2.3 percent — or earnings per share of NT$13.54 compared with NT$13.23 in 2017, the report said.
Citing joint studies conducted with ITRI, TSMC said that its investments have benefited upstream, midstream and downstream firms in the local supply chain of the semiconductor industry.
TSMC, the world’s third-largest chip supplier, posted US$14.85 billion in sales in the first half, down 9 percent from a year earlier due to inventory adjustments by its clients.
ENVIRONMENT
TSMC said that while its electricity and water consumption has increased due to technology upgrades, it is committed to environmentally friendly practices.
It is planning to team up with industrial partners to build a water recycling facility at the Southern Taiwan Science Park (南部科學工業園區) in Tainan this year, which would supply 18,144 tonnes of recycled industrial water per day, TSMC said.
To reduce carbon emissions, it is seeking to purchase renewable energy facilities and install green power generators at its production complexes, TSMC said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese prosecutors suspect that three people successfully smuggled at least one shipment of Nvidia Corp artificial intelligence (AI) chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained last week by the Keelung District Prosecutors’ Office for allegedly falsifying documents related to exports of Super Micro Computer Inc servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked Taiwan’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. Since 2023, TSMC’s employee bonuses have grown at an annual rate of
RSS