TSMC plans to hire 6,000 engineers this year

Taiwan Semiconductor Manufacturing (TSMC), the world’s largest contract chipmaker, will hire more than 6,000 new staff in 2023.
TSMC for iPhones
The hiring drive comes despite a global downturn in the chip industry. The Semiconductor Industry Association (SIA) recently announced global semiconductor industry sales totaled $41.3 billion during January 2023, a decrease of 5.2 percent compared to the December 2022 total of $43.6 billion and 18.5 percent less than the January 2022 total of $50.7 billion.

TSMC said the company will seek young engineers with associates, bachelor’s, masters’s or doctorate degrees in electrical engineering or software-related fields, in cities all across Taiwan.

TSMC is offering salary of T$2 million ($65,578) to a new engineer with a master’s degree.

Intel recently announced that it would cut payments to mid-level staff and executives from 5 percent to 25 percent.

TSMC’s dominance in making some of the most advanced chips for high-end customers such as Apple has shielded it from downturn.

TSMC reduced its annual capital expenditure for 2023 and predicts a first-quarter revenue drop, but has said it expects demand to pick up by the second half of this year.