Not afraid of industry “headwinds”? TSMC plans to hire more than 6,000 engineers

According to reports, TSMC, the world's largest chip contract manufacturer, recently issued a statement stating that the company will recruit more than 6,000 new employees in 2023.

Despite the downturn in the global chip industry, hiring in the industry continues.

TSMC said it will recruit young engineers with associate's, bachelor's, master's or doctoral degrees in electrical engineering majors or software-related fields in cities across Taiwan.

The company also said new engineers with a master's degree will receive an average annual salary of NT$2 million ($65,578.07).

Due to a shortage of some chips leading to large product inventories, market demand for electronic products has dropped, resulting in a downturn in the global semiconductor industry.

Since the end of 2022, many chip companies around the world have slowed down investment.

For example, Intel recently announced that its executive and mid-level employee pay cuts will be from 5% to 25%.

TSMC makes some of the most advanced chips for high-end customers such as Apple Inc, and the company's market dominance in this area has insulated it from the industry downturn.

Even so, TSMC has slightly reduced its annual capital expenditure budget for 2023 and expects revenue to decline in the first quarter. But the company said it expects demand to pick up in the second half of this year.