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Taiwan's TSMC gives NT$1million bonus each to its employees as NT$46.33billion to be given away

Taiwan Semiconductor Manufacturing Co. (TSMC) decided to pay a 2019 bonus of NT$1 million more or less to each of its employees with a total of NT$46.33 billion in employee bonuses, CNA reported.

The company gives a huge amount of bonus as recognition of their employees efforts last year to help the company remain profitable.

The total NT$46.33 billion comprising NT$23.167 billion in profit sharing and NT$23.167 billion in cash dividends.

The 2019 bonus of NT$1.03 million on average will be paid to the company's 45,000 employees in July.

In TSMC's 2019 earnings report, it posted an annual 3.7 percent increase in consolidated sales to a record NT$1.07 trillion.

TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s largest dedicated semiconductor foundry ever since.


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