Home > Industry > Chinese Chipmakers Poach Taiwanese Employees As Bans Hurt

Chinese Chipmakers Poach Taiwanese Employees As Bans Hurt

SHANGHAI: More than a hundred employees of Taiwanese tech giant TMSC are set to join smaller, less well-known Chinese chip factories after being promised much higher salaries.

Chinese Government-backed manufacturers, such as QXIC and HSMC, have been buying up TMSC talent in the rush to ramp up production.

HSMC has offered skilled workers salaries more than two-and-a-half times what they would receive at TSMC, plus bonuses, according to the Nikkei Asian Review.

The companies are taking advantage of Chinese government tax exemptions aimed at accelerating the semiconductor production process, which has left companies like Huawei with a chip shortage.

You may also like
China ‘Angry’ Over Huawei OZ Treatment Dossier Reveals
Huawei To Sell Honor Unit To Shenzhen Govt. For $15bn
Chinese Smartphone Sales Sink – Except 5G
Huawei Launches Shake-Up As Supervisors Sacked
Samsung Display Gains License To Trade With Arch Rival