Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) and chief executive officer C.C. Wei (魏哲家) each received about NT$422 million (US$14.89 million) in compensation last year, when the contract chipmaker’s net profit smashed records.
Liu’s and Wei’s pay rose NT$129 million, or 44 percent, from a year earlier, as the chipmaker reported a nearly 50 percent year-on-year increase in net income to NT$517.89 billion last year, TSMC said in its annual report.
Earnings per share were NT$19.97, a significant increase from NT$13.32 a year earlier, as the company benefited from global demand for its high-end 5-nanometer and 7-nanometer process chips used in emerging technologies such as 5G applications, high-performance computing devices and the Internet of Things.
Photo: CNA
Consolidated sales for last year also reached a record NT$1.34 trillion, up from NT$1.07 trillion a year earlier. In US dollar terms, sales rose 31.4 percent from a year earlier, beating the average growth of 10 percent in the global semiconductor industry.
The company shipped 12.4 million 12-inch-equivalent wafers, up from 10.1 million units in 2019, while sales of chips made using a 16-nanometer process and more advanced technologies, including the 5 and 7-nanometer processes, accounted for 58 percent of the company’s total sales, up from 50 percent a year earlier, the annual report showed.
Last year, the company provided 281 different production technologies to its 510 customers and rolled out 11,617 products, it said.
The company accounted for 24 percent of total production value in the global semiconductor industry, excluding the memorychip segment, up from 21 percent in 2019, it said.
In the report, Liu and Wei thanked shareholders for their support and trust in the company.
Several other TSMC executives received annual compensation topping NT$100 million last year, the report showed.
These executives included senior vice president of Europe and Asia sales Lora Ho (何麗梅), senior vice president of operations Y.P. Chin (秦永沛), senior vice president of research and development Y.J. Mii (米玉傑), senior vice president of information technology, materials and risk management J.K. Lin (林錦坤) and senior vice president of research and development Lo Wei-jen (羅唯仁).
Chief financial officer Wendell Huang (黃仁昭), senior vice president of corporate planning J.K. Wang (王建光), senior vice president of Europe and Asia sales and corporate research under research and development Cliff Hou (侯永清), senior vice president of business development Kevin Zhang (張曉強) and vice president and general counsel Sylvia Fang (方淑華) each received compensation of NT$50 million to NT$100 million, TSMC said.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,
RSS