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Because recruitment from TSMC to China is not an ordinary labor market. TSMC vs SMIC has huge geopolitical implications for Taiwan, China, and the world at larg
by jasonwatkinspdx 6y ago
Because recruitment from TSMC to China is not an ordinary labor market. TSMC vs SMIC has huge geopolitical implications for Taiwan, China, and the world at large even. Most companies don't have "CCP's intelligence services are going to spend millions to entice, bribe, or coerce our key engineers to jump ship" as part of their recruiting concerns.
As for point 2, TSMC's financials are public. They spend ~30 million a year on payroll. On the other hand they expect to invest a total of 100 billion into their next generation fab over the next 3 years. The idea that penny pinching salary is what enables their capital spend is hilariously out of touch with the scale of the relative expenses.
- jlduan 6y agoI don’t think only SMIC recruitment is banned based on the article. Could you give an example what "CPP intelligence services" are doing to "entice, bribe, or coerce our key engineers"? Politicizing all the recrements does not seem fair for employees. Basically, TSMC is trusting their employees, is that what you are saying? This could be ONCE IN A LIFETIME career jump, using national security as a reason to deny employees’ career development and salaries negotiation doesn’t seem fair.
- jlduan 6y agobased on the article, it is not just semiconductor industry, it is ALL job listing. Wow, kinda of extreme.
- 8note 6y agoHuh? You exactly describe penny pinching salaries I'd expect 5-10 billion in salary based on your description