5 ms·

The article isn't clear about this, but when they say "China hires" are they getting hired in Taiwan or moving to mainland China? What kind of package makes it

The article isn't clear about this, but when they say "China hires" are they getting hired in Taiwan or moving to mainland China? What kind of package makes it appealing to cross the Strait?

peacefulhat 6y ago
> "Hongxin offered some amazing packages, as high as two to 2.5 times TSMC's total annual salary and bonuses for those people," said a source familiar with the matter.
- EE84M3i 6y ago
  > TSMC was uncomfortable when QXIC began operating a research and development base not far from the Taiwanese company's most advanced 5-nanometer plant in south Taiwan, one of the people familiar with the matter told Nikkei.
legulere 6y ago
Maybe the article was changed out but it at least partly answers your questions: > TSMC was uncomfortable when QXIC began operating a research and development base not far from the Taiwanese company's most advanced 5-nanometer plant in south Taiwan, one of the people familiar with the matter told Nikkei. > "Hongxin offered some amazing packages, as high as two to 2.5 times TSMC's total annual salary and bonuses for those people," said a source familiar with the matter.
- mytailorisrich 6y ago
  I found quite interesting that QXIC could just open an R&D centre in Taiwan in order to poach talent. But then, Taiwan is heavily invested on the mainland as well and, I suppose, cannot afford to face a backlash if it banned mainland companies. Cross-straight relations are complex. Edit: This reminds me of the many period dramas on Chinese TV: plenty of spies, double agents, etc. on both sides (and often on 3 sides, because of the Japanese)
hocuspocus 6y ago
> What kind of package makes it appealing to cross the Strait? In software and consumer electronics, it's been a while that salaries in mainland China are a lot more competitive than in Taiwan. My friends from Asus, HTC, BenQ... are now making 3x their previous income at companies like Huawei, Oppo, OnePlus, Microsoft, Apple. It's probably a bit harder to lure people from the industry's current best, but in my experience there's always plenty enough of mid-level managers and senior engineers who think they could do better if they were given more ownership. And here there's almost no language or cultural barrier.
- actuator 6y ago
  In a free market economy wouldn't this lead to salaries rising in Taiwan as well? Granted that Taiwan has less domestic consumption potential, but for export its companies have done well and Taiwan is more developed as well. It should be able to compete with salaries across the strait. If we assume state interference by state funding this out of its pocket, then I guess Taiwan might find hard to compete on its own.
  - chillacy 6y ago
    Each city has completely different job markets. Even within the same country, salaries aren't even level (as is the case between different US cities).
- beaunative 6y ago
  Crossing the Strait is not expensive, and Chinese government is already offering residents of islands near-same treatment as their own citizens few years ago.
wwwwwwwww 6y ago
Mainland China isn't a bad place to live if you have a good income and an "untouchable" status with regards to the government. That's how most western foreigners lived in China up until about 2012 when things changed somewhat.

The article isn't clear about this, but when they say "China hires" are they getting hired in Taiwan or moving to mainland China? What kind of package makes it appealing to cross the Strait?

peacefulhat 6y ago

> "Hongxin offered some amazing packages, as high as two to 2.5 times TSMC's total annual salary and bonuses for those people," said a source familiar with the matter.

EE84M3i 6y ago
> TSMC was uncomfortable when QXIC began operating a research and development base not far from the Taiwanese company's most advanced 5-nanometer plant in south Taiwan, one of the people familiar with the matter told Nikkei.

legulere 6y ago

Maybe the article was changed out but it at least partly answers your questions: > TSMC was uncomfortable when QXIC began operating a research and development base not far from the Taiwanese company's most advanced 5-nanometer plant in south Taiwan, one of the people familiar with the matter told Nikkei. > "Hongxin offered some amazing packages, as high as two to 2.5 times TSMC's total annual salary and bonuses for those people," said a source familiar with the matter.

mytailorisrich 6y ago
I found quite interesting that QXIC could just open an R&D centre in Taiwan in order to poach talent. But then, Taiwan is heavily invested on the mainland as well and, I suppose, cannot afford to face a backlash if it banned mainland companies. Cross-straight relations are complex. Edit: This reminds me of the many period dramas on Chinese TV: plenty of spies, double agents, etc. on both sides (and often on 3 sides, because of the Japanese)

hocuspocus 6y ago

> What kind of package makes it appealing to cross the Strait? In software and consumer electronics, it's been a while that salaries in mainland China are a lot more competitive than in Taiwan. My friends from Asus, HTC, BenQ... are now making 3x their previous income at companies like Huawei, Oppo, OnePlus, Microsoft, Apple. It's probably a bit harder to lure people from the industry's current best, but in my experience there's always plenty enough of mid-level managers and senior engineers who think they could do better if they were given more ownership. And here there's almost no language or cultural barrier.

actuator 6y ago
In a free market economy wouldn't this lead to salaries rising in Taiwan as well? Granted that Taiwan has less domestic consumption potential, but for export its companies have done well and Taiwan is more developed as well. It should be able to compete with salaries across the strait. If we assume state interference by state funding this out of its pocket, then I guess Taiwan might find hard to compete on its own.
- chillacy 6y ago
  Each city has completely different job markets. Even within the same country, salaries aren't even level (as is the case between different US cities).
beaunative 6y ago
Crossing the Strait is not expensive, and Chinese government is already offering residents of islands near-same treatment as their own citizens few years ago.

wwwwwwwww 6y ago

Mainland China isn't a bad place to live if you have a good income and an "untouchable" status with regards to the government. That's how most western foreigners lived in China up until about 2012 when things changed somewhat.