TSMC employees earn NT$1.07 million in cash, profit-sharing bonuses

Focus Taiwan
Date: 2017/02/14
By: Jackson Chang and Elizabeth Hsu

CNA file photo

Taipei, Feb. 14 (CNA) Generating historic high revenue and net profit in 2016, Taiwan Semiconductor Manufacturing Co. (TSMC) has decided to distribute cash bonuses and profit-sharing bonuses totaling some NT$44.84 billion, meaning that each employee will receive around N$1.07 million (US$34,750).

The board of directors of the world’s largest contract chip maker approved the move Tuesday, according to a statement released by the company that day.

The NT$44.84 billion includes a cash bonus of NT$22.42 million, which was distributed in 2016, and a profit-sharing bonus of the same amount, which will be distributed in July this year, the statement said, noting that the company has 42,000 employees.

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.