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.
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.
Pharmaceutical start-up AcadeMab Biomedical Inc (研生生醫) said it has been developing a COVID-19 antibody drug, an endeavor not being undertaken by many other Taiwanese pharmaceutical firms. The company was spun off from Academia Sinica’s Institute of Cellular and Organismic Biology in 2020 and has only 16 employees. It has set its sights on the innovative field of the monoclonal antibody treatment of tumors. The start-up began developing antibody drugs in January, after seeing that COVID-19 vaccines could not effectively protect people from new variants of SARS-CoV-2, AcadeMab Biomedical chief strategy officer Pearl Fong (俸清珠) said in an interview with the Taipei Times
RECOVERED CONFIDENCE: As market rationality returns, Taiwanese stocks that have lagged behind their US peers might soon catch up, Allianz researchers said Local shares last week defied heavy pressure from China’s military drills in waters around Taiwan, and investors this week are expected to pay attention to earnings results from several tech heavyweights as well as the latest economic data on exports and GDP. The TAIEX closed at 15,036.04 points on Friday, posting a weekly increase of 0.24 percent from 15,000.07 on July 29, Taiwan Stock Exchange data showed. Over the same period, the FTSE TWSE Taiwan 50 Index, which comprises Taiwan’s top 50 stocks in terms of market capitalization, closed up 0.93 percent at 11,750.15 points, while the Formosa Stock Index, which measures
FORECAST EXCEEDED: China’s curbs on some Taiwanese goods are unlikely to affect trade given inter-reliance in the electronics industries, a finance ministry official said Exports last month spiked 14.2 percent to US$43.32 billion, the second-highest increase on record and the 25th consecutive month of gains, driven by global demand for electronics used in high-performance computing and vehicles, the Ministry of Finance said yesterday. The ministry expects the trend to sustain this month and beyond, although the pace could slow due to inventory corrections for laptops, smartphones and other consumer electronics. “The July results proved stronger than expected despite rising fears over economic uncertainty,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said, adding that a high sales season in the West and stabilized COVID-19 infections in China
Government officials and business representatives yesterday participated in a groundbreaking ceremony at the Nanzih Technology Industrial Park (楠梓科技產業園區) in Kaohsiung, where Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is to construct a 12-inch wafer plant. The 238-hectare park sits on the former site of a naphtha cracking plant owned by state-owned oil refiner CPC Corp, Taiwan (台灣中油). Thirty hectares of the first phase of development are reserved for TSMC’s planned factory, while the second phase is to be occupied by international semiconductor material and equipment companies, the Executive Yuan said in a statement yesterday. “The park will be connected with Tainan Science Park