Taiwan’s TSMC, Largan, AUO set to give pay raises of 3% to 7%

Employees of several Taiwanese banks said to be getting raises of 2.5 % or higher

Taiwan News
Date: 2019/12/10
By: Sophia Yang, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, is planning to give pay raises of at least 3 percent to employees by the end of the year.

Largan Precision, the supplier for iPhone's camera lens module; smartphone and laptop maker Asus; and display panel maker AU Optronics are also among the Taiwanese tech companies announcing a salary increase, with each set to give employees raises of 3 percent, 3 to 5 percent, and 7 percent, respectively, according to a report.

Meanwhile, Hsinchu-based NOR flash and NAND flash memory chipmaker Macronix International announced on Monday (Dec. 9) at its 30th-anniversary celebration that it will give each employee a red envelope of NT$10,000 (US$328) as an additional bonus, as well as a pay raise plan, as the company has secured more orders from international 5G companies, including China's Huawei, and a NOR flash market share leadership with around 80 percent revenue share.

Largan CEO Enping Lin (林恩平) told media that the company has been giving employees an average raise of 3 percent year after year.    [FULL  STORY]

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