TSMC employee bonuses for the 1st quarter rose 30% year-on-year, on average, media report, citing an internal memo sent company-wide by CEO C.C. Wei. Rumored bonus cuts had caused some friction inside the chip giant – already officially denied. Wei will host a meeting today (Wednesday 5/27) to answer questions to address any lingering doubts. He emailed all employees to say 1st quarter bonuses will be paid on May 29, and the internal online system will open early today so employees can check bonus details. TSMC pays 2 different bonuses across a 2-year cycle, a quarterly bonus based on individual performance and company performance, and a profit-sharing bonus paid the following year, meant to keep people at TSMC. $Taiwan Semiconductor(TSM.US) #semiconductors

Source: Dan Nystedt