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.
ELECTRONICS BOOST: A predicted surge in exports would likely be driven by ICT products, exports of which have soared 84.7 percent from a year earlier, DBS said DBS Bank Ltd (星展銀行) yesterday raised its GDP growth forecast for Taiwan this year to 4 percent from 3 percent, citing robust demand for artificial intelligence (AI)-related exports and accelerated shipment activity, which are expected to offset potential headwinds from US tariffs. “Our GDP growth forecast for 2025 is revised up to 4 percent from 3 percent to reflect front-loaded exports and strong AI demand,” Singapore-based DBS senior economist Ma Tieying (馬鐵英) said in an online briefing. Taiwan’s second-quarter performance beat expectations, with GDP growth likely surpassing 5 percent, driven by a 34.1 percent year-on-year increase in exports, Ma said, citing government
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of
‘REMARKABLE SHOWING’: The economy likely grew 5 percent in the first half of the year, although it would likely taper off significantly, TIER economist Gordon Sun said The Taiwan Institute of Economic Research (TIER) yesterday raised Taiwan’s GDP growth forecast for this year to 3.02 percent, citing robust export-driven expansion in the first half that is likely to give way to a notable slowdown later in the year as the front-loading of global shipments fades. The revised projection marks an upward adjustment of 0.11 percentage points from April’s estimate, driven by a surge in exports and corporate inventory buildup ahead of possible US tariff hikes, TIER economist Gordon Sun (孫明德) told a news conference in Taipei. Taiwan’s economy likely grew more than 5 percent in the first six months