Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday.
TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning.
Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added.
Photo: Ritchie B. Tongo, EPA
Since 2023, TSMC’s employee bonuses have grown at an annual rate of 30 percent or more, and as long as employee performance stays strong, annual bonuses for this year are expected to grow at a similar pace, the source quoted Wei as saying.
The meeting with employees was scheduled after viral online speculation that TSMC would adjust its employee bonus distribution mechanism by cutting this year’s bonus payout, to keep more funds on hand to meet the company’s plans to aggressively expand production.
Local media reported that rumors of cuts to bonuses had made many employees unhappy.
Wei canceled a business trip scheduled for yesterday and arranged the meeting to ease the concerns of employees, reports said.
Wei told employees that TSMC’s earnings distribution aims to satisfy workers and shareholders, and fulfill the company’s social responsibility, the source said.
He also said that TSMC would pay more attention to its social responsibility by allocating more earnings to help society, adding that salary growth for TSMC’s entry-level employees would outpace the growth for senior employees, they added.
In February, a board meeting approved a proposal to designate a record high NT$206.15 billion (US$6.56 billion) in the form of employee performance bonuses and profit sharing bonuses for last year, after the company posted a new high of NT$1.72 trillion in net profit, up 46 percent from a year earlier.
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