CTBC Financial Holding Co (中信金控) topped the list of average board of director salaries in 2019 by compensating its board members an average of NT$89.88 million (US$3.16 million), overtaking Yageo Corp (國巨), data released yesterday by the Taiwan Stock Exchange (TWSE) showed.
The compensation includes cash, stock rewards and other types of payment to a director for their service in the board room, but excludes a paycheck for an additional role in management or for being a company employee, the TWSE said.
In 2018, CTBC Financial ranked No. 2 with an average package of NT$73.7 million, but its board compensation in 2019 rose 21.95 percent thanks to the increasing price of the company stock included in the package, the data showed.
In 2019, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, came in at No. 2 with an average board salary of NT$43.87 million, up 9.3 percent from 2018, the data showed.
Total board compensation at TSMC tallied NT$376 million in 2019 and accounted for 0.1 percent of its net profit that year, lower than the limit of 0.3 percent set in its bylaws, the data showed.
Handset camera lens maker Largan Precision Co (大立光) ranked third with an average compensation of NT$34.89 million, up 36 percent from 2018 thanks to an increase in net profit, the data showed.
Yageo dropped to fourth in 2019 from the top position in 2018, as its average remuneration slid to NT$31.2 million from NT$114.23 million — a decline of 72 percent — when the nation’s largest passive components supplier saw its annual net profit shrink 79 percent to NT$6.9 billion, the data showed.
Yuanta Financial Holding Co (元大金控) ranked fifth in 2019 with an average package of NT$27.62 million, followed by Taishin Financial Holding Co (台新金控) with NT$27.14 million and Uni-President Enterprises Corp (統一) with NT$25.44 million, the data showed.
Hotai Motor Co Ltd (和泰汽車) ranked eighth in 2019 with NT$22.82 million, followed by China Development Financial Holding Corp (中華開發金控) with NT$20.28 million and Fubon Financial Holding Co (富邦金控) with NT$20.23 million.
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
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
FUTURE TECH: Nvidia CEO Jensen Huang would give the keynote speech at this year’s Consumer Electronics Show, which is also expected to highlight autonomous vehicles Gadgets, robots and vehicles imbued with artificial intelligence (AI) would once again vie for attention at the Consumer Electronics Show (CES) this week, as vendors behind the scenes would seek ways to deal with tariffs threatened by US president-elect Donald Trump. The annual Consumer Electronics Show opens formally in Las Vegas tomorrow, but preceding days are packed with product announcements. AI would be a major theme of the show, along with autonomous vehicles ranging from tractors and boats to lawn mowers and golf club trollies. “Everybody is going to be talking about AI,” Creative Strategies Inc analyst Carolina Milanesi said. “From fridges to ovens
RSS