The situation in the PC, smartphone and storage markets is not the best at the moment, many market players are being forced to downsize, and TSMC’s intentions to increase the workforce of engineers are in conflict with this background. According to information Reutersthe Taiwanese giant said yesterday that it intends to hire more than 6,000 engineers in 2023.
The world’s largest contract manufacturer of chips is looking for new employees and applicants with a background in electrical engineering and software development in all cities in Taiwan. TSMC recruits “recruits” at various levels of training. A specialist with a master’s degree may qualify for a starting salary of $65,578 per year.
For TSMC, an increase of 6,000 specialists per year may not be considered unprecedentedly severe, but given the current market environment, it seems strange. In 2021, the company increased its workforce by 14.64% to 65,152 people, up from 10.79% in the previous year. The annual report for the last 12 months isn’t ready yet, but if TSMC hired several thousand new employees in 2022, then the 6,000 people planned for 2023 will most likely represent less than 10% of the current headcount.
At the same time, TSMC will be forced to cut capex this year from $36.3 billion to $32 billion in the most bearish scenario, and current-quarter revenue will fall 5%, so it can’t be argued that the crisis had no impact on this company. Since it takes a long time to train a qualified specialist, TSMC will attract college graduates in view of the future growth of the market.