Taiwan’s TSMC to recruit 6,000 engineers in 2023

TSMC is trying to capitalize on the current trend of technical job cuts, which have resulted in the dismissals of several thousand engineers.

“To support the company’s business growth and technology development, TSMC is planning to recruit more than 6,000 new employees in Taiwan including engineers and production line operators in Hsinchu, Taichung, Tainan and Kaohsiung in 2023,” the chip biz told The Register.

Source: theregister.com

To maintain the wafers running, the corporation states that it intends to hire up to 6,000 engineers, which is about a 10 percent rise in staff numbers. According to Reuters, TSMC is not only searching for pricey skillsets, but also engineers with degrees varying from a two years degree to a doctoral degree in electrical engineering or software development.

Also Read: Germany planning to ban Huawei, ZTE from parts of 5G networks

The catch is that you may be required to emigrate to Taiwan. The provided local wage is substantially lower compared to what you’d anticipate finding in the United States.

According to TSMC, the average wage for a fresh engineer is expected to be approximately NT$2 million, or around $65,500 per annum, but it’s interesting to note that the living expenses in Taiwan are significantly lower. TMSC is also rapidly expanding in the United States, but it will be some time before the new fabs are operational.

“TSMC is recruiting broadly from both experienced professionals and first-time job seekers with backgrounds in electronics, electrical engineering, optoelectronics, mechanical engineering, physics, chemistry, chemical engineering, industrial engineering, financial, accounting, management, human resources, and related fields to come on board. TSMC is also recruiting production line operators. People with senior high school (inclusive) or above including college graduates are welcome to join. The company is open to hiring foreign engineers.”

Source: theregister.com

The hiring spree emanates as the semiconductor industry in its entirety struggles with a slowing global economy and falling chip demand, especially in distribution channels.

Also Read: Twitter Cuts More Engineering, and Product Jobs to Curb Costs

These market factors have had a significant impact on many chipmakers. Samsung which is TSMC’s main competitor in the foundry industry has seen its sales fall to 3.4 billion USD, a 69 percent drop from the previous year in January, whilst also earnings fell 8 percent to 57.3 billion USD.

In contrast, TSMC has carefully eliminated controversy thus far. TSMC confirmed Q4 revenues of 19.93 billion USD which is a 26.7 percent rise compared to the previous year, whereas others reported operational losses and decreasing revenues.