The median income of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employees worldwide last year was NT$1.63 million (US$54,993), while chief executive officer C.C. Wei (魏哲家) earned 180 times that amount, or about NT$293 million.
The median income figure included base salaries, allowances, cash bonuses and profit sharing, but excluded pensions and benefits, according to statistics released on Wednesday in TSMC’s Corporate Social Responsibility Report.
Factoring in pensions and other benefits, TSMC last year paid its global employees a total of NT$109.9 billion in compensation, the report showed.
The median salary increased 3.2 percent from 2018, when it was NT$1.58 million, and total compensation to global employees rose 1.6 percent from NT$108.2 billion over the same period.
TSMC employed 51,297 people at the end of last year, of which 34,137 were managers, professionals and administrative staff, and the remaining 17,160 were production line technicians, the report said.
More than 80 percent of TSMC’s managers and professionals had a master’s degree or higher, the report showed.
About 90 percent of TSMC employees are based in Taiwan and the rest are based overseas.
TSMC shares on Wednesday rose 0.79 percent to close at NT$317.5 in Taipei trading. The stock this year has declined 7.4 percent, compared with the broader market’s 11.67 percent fall.
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said Taiwan’s government plans to set up a business service company in Kyushu, Japan, to help Taiwanese companies operating there. “The company will follow the one-stop service model similar to the science parks we have in Taiwan,” Kuo said. “As each prefecture is providing different conditions, we will establish a new company providing services and helping Taiwanese companies swiftly settle in Japan.” Kuo did not specify the exact location of the planned company but said it would not be in Kumamoto, the Kyushu prefecture in which Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) has a
China has threatened severe economic retaliation against Japan if Tokyo further restricts sales and servicing of chipmaking equipment to Chinese firms, complicating US-led efforts to cut the world’s second-largest economy off from advanced technology. Senior Chinese officials have repeatedly outlined that position in recent meetings with their Japanese counterparts, people familiar with the matter said. Toyota Motor Corp privately told officials in Tokyo that one specific fear in Japan is that Beijing could react to new semiconductor controls by cutting the country’s access to critical minerals essential for automotive production, the people said, declining to be named discussing private affairs. Toyota is among
RSS