TSMC announces salary increase for all employees

Latest update time：2020-05-06

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Due to the US's trade crackdown on Chinese technology and the impact of the epidemic, the global economy has been in a downturn, which has severely hurt the global chip industry. However, even in such an environment, TSMC still set a new record in its first quarter financial report in 2020, with revenue reaching US$10.3 billion, an increase of more than 42% year-on-year.

Faced with the epidemic and even the slowdown in the international economy, TSMC can still achieve such good results. TSMC has once again increased its employees' salaries by 3% to 5%. After the salary increase, TSMC's employees will have an increase. It is revealed that employees without a college degree can also earn a monthly salary of about 7,100 yuan. If the employees have a college degree or even higher, the salary will be even higher.

The head of TSMC also said that in the current global economic downturn, with most companies cutting salaries or even laying off employees, it is not easy for TSMC to allow more than 40,000 employees to receive salary increases.

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