INVESTMENTS PAYING OFF:TSMC chairman Morris Chang announced that its 38,000 employees would get bonuses, as research and development continue to reap dividends
Taipei Times
Date: Nov 06, 2017
By: Staff writer, with CNA
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, on Saturday said it would distribute about NT$456 million (US$15.11 million) in bonuses to its employees by the end of this month.
At the company’s annual sports day in Hsinchu, where TSMC is headquartered, chairman Morris Chang (張忠謀) announced that the company’s 38,000 employees who were formally employed by the company by May 31 would each receive a NT$12,000 bonus.
TSMC has traditionally announced a cash gift to employees on its annual sports day to supplement year-end and quarterly bonuses and to show gratitude to its employees for their contributions. Last year, TSMC announced on the same occasion that it would dole out more than NT$400 million in bonuses to about 36,000 employees.
At Saturday’s sports meet, which followed the company’s celebration of its 30th anniversary last month, the 86-year-old Chang said he was excited to see so many energetic TSMC employees at the event, giving him faith that the company and its employees would continue to create miracles. [FULL STORY]