The median income of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employees worldwide last year was NT$1.63 million (US$54,993), while chief executive officer C.C. Wei (魏哲家) earned 180 times that amount, or about NT$293 million.
The median income figure included base salaries, allowances, cash bonuses and profit sharing, but excluded pensions and benefits, according to statistics released on Wednesday in TSMC’s Corporate Social Responsibility Report.
Factoring in pensions and other benefits, TSMC last year paid its global employees a total of NT$109.9 billion in compensation, the report showed.
The median salary increased 3.2 percent from 2018, when it was NT$1.58 million, and total compensation to global employees rose 1.6 percent from NT$108.2 billion over the same period.
TSMC employed 51,297 people at the end of last year, of which 34,137 were managers, professionals and administrative staff, and the remaining 17,160 were production line technicians, the report said.
More than 80 percent of TSMC’s managers and professionals had a master’s degree or higher, the report showed.
About 90 percent of TSMC employees are based in Taiwan and the rest are based overseas.
TSMC shares on Wednesday rose 0.79 percent to close at NT$317.5 in Taipei trading. The stock this year has declined 7.4 percent, compared with the broader market’s 11.67 percent fall.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance