Mobile phone chip designer MediaTek Inc (聯發科) posted an average of NT$5.15 million (US$173,249) in annual compensation for non-managerial employees last year, marking the highest among all firms listed on the Taiwan Stock Exchange (TWSE), exchange data showed.
That is a 66 percent increase from the company’s average compensation of NT$3.08 million in 2020, as its earnings per share (EPS) expanded from NT$26.01 in 2020 to NT$70.56 last year.
That is also three times higher than the average compensation of NT$1.7 million in the nation’s semiconductor industry, the data showed.
Photo: Bloomberg
The increases helped MediaTek advance its ranking from third in 2020, replacing Foxconn Technology Co (鴻準精密), a subsidiary of Hon Hai Precision Industry Co (鴻海精密). Foxconn Technology’s ranking dropped to fifth place last year from first with average compensation of NT$4.1 million, the data showed.
MediaTek’s annual compensation also marked an overall all-time high since TWSE companies began disclosing non-managerial salaries in 2018, the data showed.
Seven of the top 10 highest-paying firms are semiconductor companies, compared with six in 2019 and 2020, with vehicle manufacturer Hotai Motor Co (和泰汽車) and some construction companies leaving the list, the data showed.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, ranked 16th, with average annual compensation of NT$2.42 million last year, partially because of its large employee base of 53,212. Except TSMC, all semiconductor firms in Taiwan have fewer than 10,000 employees, the data showed.
Evergreen Marine Corp (長榮海運) ranked seventh with average annual compensation of NT$3.61 million, and Yang Ming Marine Transport Corp (陽明海運) ranked ninth with compensation averaging NT$2.75 million, the first time shipping companies have been in the top 10 since 2018, the data showed.
Shipping companies last year offered employees greater year-end bonuses given their greater EPS, boosting compensation that includes recurring wages, overtime pay and bonuses, the data showed.
Average compensation for non-managerial employees in the shipping industry grew 21 percent to NT$1.32 million from NT$1.09 million a year earlier, given rises in freight rates, the data showed.
Among all industries, the semiconductor trade posted the greatest average compensation for non-managerial employees at NT$1.7 million, followed by the steel industry at NT$1.48 million, the plastic industry at NT$1.34 million, the financial and insurance industry with NT$1.33 million, and the computer industry with NT$1.32 million, the data showed.
PROTECTIONISM: China hopes to help domestic chipmakers gain more market share while preparing local tech companies for the possibility of more US sanctions Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence (AI) chips instead of Nvidia Corp products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, sources familiar with the matter said. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI start-ups and escalating tensions with the US, said the sources, who asked not to be identified because the
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
Her white-gloved, waistcoated uniform impeccable, 22-year-old Hazuki Okuno boards a bullet train replica to rehearse the strict protocols behind the smooth operation of a Japanese institution turning 60 Tuesday. High-speed Shinkansen trains began running between Tokyo and Osaka on Oct. 1, 1964, heralding a new era for rail travel as Japan grew into an economic superpower after World War II. The service remains integral to the nation’s economy and way of life — so keeping it dazzlingly clean, punctual and accident-free is a serious job. At a 10-story, state-of-the-art staff training center, Okuno shouted from the window and signaled to imaginary colleagues, keeping
Arm Holdings PLC approached Intel Corp about potentially buying the ailing chipmaker’s product division, only to be told that the business is not for sale, according to a source with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the source, who asked not to be identified because the discussions were private. Intel has two main units: A product group that sells chips for personal computers, servers and networking equipment, and another that operates its factories. Representatives for Arm and Intel declined to comment. Intel, once the world’s largest chipmaker, has become the
RSS