This IT & Tech Company Will Hire 6000 New Employees In Next 12 Months: Get Full Details


Rohit Kulkarni

Rohit Kulkarni

Mar 10, 2023


The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), announced that it shall hire more than 6,000 new staff in 2023.

This IT & Tech Company Will Hire 6000 New Employees In Next 12 Months: Get Full Details

The statement speaks of the hiring despite a global downturn in the chip industry.

TSMC’s Hiring Drive Despite Slowdown in Semiconductor Industry

As per the company statement, the company is seeking to keep a hiring drive for young engineers with associates, bachelor’s, masters’s or doctorate degrees in electrical engineering or software-related fields, in cities all across Taiwan.

The company added that the average overall annual salary of a new engineer with a master’s degree is NT$2 million (S$88,000).

Following a shortage of some chips, a decline in demand for electronics and high inventory levels have followed eventually leading to a downturn for the semiconductor industry.

A number of chip companies around the world have reined in investments since late 2022.

Recently, Intel announced that it would cut payments to mid-level staff and executives from 5 per cent to 25 per cent.

What has staved off the economic downturn to clutch TSMC, is its dominance in making some of the most advanced chips for high-end customers such as Apple.

For 2023, the company has slightly reduced its annual capital expenditure and also predicted a drop in first-quarter revenue. However, it also said that it expects demand to pick up by the second half of this year.

More About TSMC

Taiwan Semiconductor Manufacturing Company Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. 

The world’s most valuable semiconductor company is headquartered & operating from Hsinchu Science Park in Hsinchu. It is also the world’s largest dedicated independent (pure-play) semiconductor foundry.

It is also one of Taiwan’s largest companies and the majorly owned by foreign investors.


Rohit Kulkarni
Rohit Kulkarni
  • 875 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Technology
Sep. 8, 2022

Samsung Launches The Wall All-In-One and Flip Pro: Is This The Future Of Display Technology?

Samsung has launched The Wall All-In-One – the modular MicroLED it says is revolutionizing the future of display and the Flip Pro, which is an interactive display. Both were unveiled at the InfoComm India 2022 which is India’s Professional AudioVisual (Pro AV) and Systems Integration Technology Exhibition. This took place in Mumbai from September 5-7. […]

Technology
Jul. 28, 2022

Google Street View Launches In India Across These 10 Indians Cities! Plans To Expand To 700,000 Kms, 50 Cities In 2 Years

Google’s Street View is finally available in India a decade after it was prevented from capturing data for its Street View services. Second coming Street view offers a 360-degree interactive panorama feature initially for 10 Indian cities with data from local partners Tech Mahindra and Mumbai-based Genesis International. Its entry into India is facilitated by […]

Technology
Jul. 10, 2022

This Electricity-Free Cooler Developed By IIT Researchers Can Replace Air Conditioners! How It Work?

Indian Institute of Technology Guwahati researchers have built a ‘Radiative Cooler’ which does not require electricity to operate. This is an affordable and efficient ‘passive’ radiative cooling system that can serve as an alternative to ACs. The coating material is an electricity-free cooling system that can be applied in the rooftops and functions during both […]

Technology
Jun. 27, 2022

This New Battery Will Enable Electric Cars To Run 1000 Kms In Single Charge! Will This Transform Electric Mobility?

Chinese company Contemporary Amperex Technology Co Ltd (CATL) has developed a battery that gives EVs a driving range of over 1,000 km or 621 miles on a single charge. About the company The company is China’s leading automotive lithium-ion battery maker. Tesla, Volkswagen, BMW, and Nio are among the companies for which CATL supplies batteries. […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online