In order to meet the global chip shortage, TSMC will operate at full speed this year. Furthermore, it will expand its production capacity to meet the needs of mobile phones, automobiles, and PC suppliers. According to Nikkei Asia, the head of recruitment at TSMC claims that the company will recruit 9,000 people this year. This is a new record high for the company as it is 1000 more than the 8000 people it recruited last year. Interestingly, TSMC will not be recruiting just engineers. It will also need secretaries, desk officers, and many other positions.
The Taiwanese chipmaker will invest approximately $25 to $28 billion this year. This is much higher than the $18 billion it invested in 2020 for the construction of new foundries. Furthermore, the company will give priority to expanding the production capacity of 12-inch wafers. It is also planning to build six 5nm factories in Arizona, USA. It will also encourage some of its employees to transfer to the U.S.
According to the financial report, TSMC’s revenue in 2020 will increase by 25% year-on-year to approximately NT$1.34 trillion, with a net profit of NT$517.8 billion, a record high. TSMC will build a 3nm factory this year, and it also needs to recruit more talents to meet the R&D and manufacturing requirements of new process technologies.
TSMC to flood the U.S. with 5nm manufacturing plants
According to the latest report from Taiwan, TSMC plans to build a total of six 5nm plants in Arizona. These plants’ size is about twice the size of the plant TSMC’s Nanke plant, one of its “base camps”. According to industry insiders, TSMC’s Arizona wafer fab investment will rise to NT$1 trillion ($36.2 billion). Its total monthly production capacity will exceed 100,000 wafers. TSMC will surpass Samsung to become the non-American semiconductor factory with the largest production capacity in the U.S. It will also have the most advanced technology in the United States.
According to reports, TSMC will have huge incentives for its employees in the U.S. According to the relevant welfare instructions, the basic requirements for TSMC to assign US employees are that the employees have three years of experience and provide TOEIC test results. Furthermore, the employees will undergo training in the Nanke 18A Plant in May this year. However, their appointment to the U.S. will not come before September 2022.
TSMC has good incentives for workers
The incentives include
- Double salary
- Housing subsidy
- Ground transport allowance
- Air ticket subsidy
- Children school fee subsidy
- Moving 500 Kilogram assistance
- Free accommodation for one month at the beginning of the assignment
- Tax subsidy
- Language training assistance
- After 3 years of assignment, you can transfer to the US factory with the approval of the supervisor. The company assists in applying for a green card (need to give up the position in Taiwan and Dividends)
- Free coronavirus checks and vaccination
In response to this news, TSMC said “TSMC has always provided relative supporting measures for domestic transfer or expatriate employees to encourage domestic transferred employees to work across regions for a long time or to ensure the development and maintenance of overseas personnel”. However, the company did not comment with respect to the green card, vaccine, and other incentives.