TSMC hands out extra bonuses

Taiwan News
Date: 2016-10-22
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Taiwan Semiconductor Manufacturing Co., Ltd., the world’s biggest computer

TSMC Chairman Morris Chang.

TSMC Chairman Morris Chang.

chip contract manufacturer, announced Saturday it would spend NT$432 million (US$13.6 million) on bonuses for its employees next month.

The announcement was made by its long-term chairman, Morris Chang, at the company’s annual sports event, attended by an estimated 20,000 people at a stadium in Zhubei, Hsinchu County.

A total of 36,000 employees in Taiwan who had joined the company before June 1 were qualified to receive NT$12,000 (US$378) each at the end of November, reports said.

In his address to TSMC staff, Chang said that despite key changes in the chip business and the advent of several strong competitors, the Taiwanese company had still managed to increase its market share as well as its profits.    [FULL  STORY]

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