5 ms·
just hiring the entirety of TSMC's and ASML's technical staff at 10x the market rate for ten years That's assuming those folks would want to move to China and
by chongli 6y ago
just hiring the entirety of TSMC's and ASML's technical staff at 10x the market rate for ten years
That's assuming those folks would want to move to China and work there. If strategic tensions are increasing to the point where war is feared and China uses this as an alternative, who would want to move there and risk becoming a hostage?
- tartoran 6y agoYes and also what stops the other side from making a better counteroffer?
- vkou 6y agoThe fact that for a small field of employment, a sovereign can dramatically outbid the free market, if it so chooses.
- WanderPanda 6y agoBut on average its bad to outbid the free market, so countries systematically doing it don‘t last long
- iorrus 6y agoYou can hire them in Europe, Huawei has R&D sites in Europe.
- pinkfoot 6y agoSMIC also has a fab in Italy.
- z2 6y agoNot saying the trend will continue, but brain drain isn't a new phenomenon to Taiwan specifically, with a reported one-tenth of Taiwan's semiconductor engineers not just working mainland companies but living there too. Despite risks, the pay, no language barrier, and a purposefully generous immigration policy (full residency rights to all Taiwanese) help. https://asia.nikkei.com/Business/China-tech/Taiwan-loses-3-000-chip-engineers-to-Made-in-China-2025 https://asia.nikkei.com/Business/China-tech/Taiwan-loses-3-0...