TSMC announced the rate of salary increase in 2023: 4%-5%, returning to normal.

CTOnews.com April 24 news, wafer foundry leader TSMC today (April 24) to employees issued a base salary adjustment notice, this year's average salary adjustment range of 4%~5% in line with expectations, is expected to be 25 days in the payroll can be seen. Due to the downturn in the semiconductor industry this year, TSMC's routine annual salary adjustment in April returned to normal, and varied according to individual performance, length of service and grade conditions.

TSMC will carry out annual routine salary adjustment in April every year. After comprehensive structural salary adjustment and amplitude adjustment of 20% in 2021, TSMC will have an average salary adjustment range of nearly 10% due to market boom in 2022. However, due to the downturn of semiconductor industry in 2023, TSMC salary adjustment range returns to normal.

CTOnews.com inquired about public information and learned that TSMC released Q1 quarterly earnings last week, with revenue of NT $508.63 billion, up 3.6% year-on-year and down 18.7% month-on-month. Net profit of NT $206.9 billion, up 2.1% year-on-year and down 30% month-on-month, exceeded market expectations, but this was the smallest increase in four years. TSMC expects Q2 sales of US$15.2 billion to US$16 billion; it expects second-quarter gross margin of 52-54% and forecasts full-year capital expenditure of US$32 billion to US$36 billion, with no investment cuts compared with rumors.