Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Wednesday said it had no plans to furlough its employees amid slowing global demand for semiconductors.
TSMC issued the denial after a video in which chief executive officer C.C. Wei (魏哲家) encouraged workers to “spend more time with their families” sparked rumors of plans for an unpaid leave program.
In a statement, TSMC said that the purpose of the 11-minute video was to remind employees to maintain a good work-life balance, and to not work on their days off.
Photo: Grace Hung, Taipei Times
“We do not force our employees to take leave, nor will we implement any unpaid leave program,” TSMC said.
Its revenue and profitability forecast for this quarter issued on Oct. 13 had not changed, TSMC said, reiterating that next year would be “a year of growth.”
TSMC’s revenue this quarter would range between US$19.9 billion and US$20.7 billion, with the US$20.3 billion median value representing a quarterly gain of 0.4 percent, corporate data showed.
TSMC has also forecast gross margin ranging from 59.5 percent to 61.5 percent, operating profit margin of 49 percent to 51 percent and overall revenue growth of about 35 percent.
The semiconductor sector’s industrial chain is highly intricate and globally integrated, yet Taiwan’s supply chain is more resilient than anywhere else, due to its factory clusters, TSMC said.
The supply chain resilience had enabled TSMC to provide the best-quality chips to customers worldwide at a lower cost, it said.
The company would continue investing in Taiwan while expanding its factories overseas, balancing cost, efficacy, and external and internal factors to retain its competitive edge, TSMC said.
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