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.
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be