The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co, will hire over 6,000 new employees in 2023, the company has announced.
Despite a global decline in the chip industry, the recruiting push has begun.
According to TSMC, the company will recruit young Taiwanese engineers with associate’s, bachelor’s, master’s, or doctoral degrees in electrical engineering or software-related disciplines.
The company added that the average starting salary for a new engineer with a master’s degree is T$2 million ($65,578.07).
The semiconductor industry has experienced a downturn as a result of a decline in demand for electronics and high inventory levels caused by a chip shortage.
Since the latter half of 2022, a number of chip corporations across the globe have reduced their investments.
Intel recently announced a reduction in compensation for mid-level employees and executives from 5% to 25%.
TSMC has been protected from the economic downturn by its dominance in producing some of the most sophisticated chips for high-end customers such as Apple.
The company has reduced its annual capital expenditures for 2023 and forecasts a revenue decline in the first quarter, but it expects demand to increase in the second half of this year.