Site icon TechNewsBoy.com

TSMC to Recruit More Than 6,000 New Staff in 2023 Across Taiwan

TSMC to Recruit More Than 6,000 New Staff in 2023 Across Taiwan

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday. The hiring drive comes despite a global downturn in the chip industry.

According to TSMC, the company will seek young engineers with associates, bachelor’s, masters’s or doctorate degrees in electrical engineering or software-related fields, in cities all across Taiwan.

The average overall salary of a new engineer with a master’s degree is T$2 million (roughly Rs. 53,55,930), the company added.

A decline in demand for electronics and high inventory levels following a shortage of some chips have led to a downturn for the semiconductor industry.

Since late 2022, a number of chip companies around the world have reined in investments.

Intel recently announced that it would cut payments to mid-level staff and executives from 5 percent to 25 percent. Chief Executive Pat Gelsinger also took a pay cut of 25 percent. Meanwhile, the company’s hourly workforce’s pay will not be cut, said a person familiar with the matter who was not authorised to speak publicly.

Gelsinger also conceded that Intel has “stumbled” and lost market share to rivals such as Advanced Micro Devices, which on reported quarterly sales that were above Wall Street’s expectations. The company has also lowered its 401(k) matching program from 5 percent to 2.5 percent and suspended merit raises and quarterly performance bonuses, the person said.

TSMC’s dominance in making some of the most advanced chips for high-end customers such as Apple has shielded it from downturn.

The company slightly reduced its annual capital expenditure for 2023 and predicts a first-quarter revenue drop, but has said it expects demand to pick up by the second half of this year.

© Thomson Reuters 2023


From smartphones with rollable displays or liquid cooling, to compact AR glasses and handsets that can be repaired easily by their owners, we discuss the best devices we’ve seen at MWC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.

For details of the latest launches and news from Samsung, Xiaomi, Realme, OnePlus, Oppo and other companies at the Mobile World Congress in Barcelona, visit our MWC 2023 hub.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechNewsBoy.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@technewsboy.com. The content will be deleted within 24 hours.
Exit mobile version