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When they (and others) announced this, I was a bit confused about it; you cannot expect to get talent for your US plants to be anywhere close to the same compen

When they (and others) announced this, I was a bit confused about it; you cannot expect to get talent for your US plants to be anywhere close to the same compensation as you pay in China, Taiwan, India, Vietnam and Philippines. So how is that going to work unless you bring them over from those country and expect massive retention issues when they discover they can make far more at other companies once living in the US?

ZeroSolstice 3y ago
My rough assumption is that this is by design. If you can't find the local talent you can justify H-1B[1] and L-1B[2][4] visas. For the L-1B I would imagine the TSMC North America[3] would suffice for the criteria of "enables a U.S. employer to transfer a professional employee with specialized knowledge relating to the organization’s interests from one of its affiliated foreign offices to one of its offices in the United States."[2] While TSMC North America may need to follow US tax codes, employee unemployment insurance, I'm not sure how much negotiating power as a visa/sponsored employee you would have for high salary since your job is linked to your stay or related pay. I'm sure someone has figured out the best way for TSMC North America to bill the visa employees as contractors back to head quarters and avoid visa holder tax with holdings. These two articles were interesting which indicate "TSMC profited from the tension between China and the U.S. by playing off both sides. Analysts say that TSMC building a plant in Arizona is “the minimal price to stay neutral.”[5][6] [1] https://www.uscis.gov/working-in-the-united-states/h-1b-specialty-occupations https://www.uscis.gov/working-in-the-united-states/h-1b-spec... [2] https://www.uscis.gov/working-in-the-united-states/temporary-workers/l-1b-intracompany-transferee-specialized-knowledge https://www.uscis.gov/working-in-the-united-states/temporary... [3] https://www.tsmc.com/english/contact-us#TSMC-Subsidiaries https://www.tsmc.com/english/contact-us#TSMC-Subsidiaries [4] https://www.uscis.gov/policy-manual/volume-2-part-l-chapter-4 https://www.uscis.gov/policy-manual/volume-2-part-l-chapter-... [5] https://international.thenewslens.com/article/135648 https://international.thenewslens.com/article/135648 (2020-05-26) [6] https://english.cw.com.tw/article/article.action?id=2719&utm_source=twitter_english&utm_medium=social&utm_campaign=twitter_english https://english.cw.com.tw/article/article.action?id=2719&utm... (2020-05-21)
up2isomorphism 3y ago
As someone who lived here for over 15 years I can tell you this is not exactly about the salary.
- hsjqllzlfkf 3y ago
  Wanna tell us more...?

ZeroSolstice 3y ago

My rough assumption is that this is by design. If you can't find the local talent you can justify H-1B[1] and L-1B[2][4] visas. For the L-1B I would imagine the TSMC North America[3] would suffice for the criteria of "enables a U.S. employer to transfer a professional employee with specialized knowledge relating to the organization’s interests from one of its affiliated foreign offices to one of its offices in the United States."[2] While TSMC North America may need to follow US tax codes, employee unemployment insurance, I'm not sure how much negotiating power as a visa/sponsored employee you would have for high salary since your job is linked to your stay or related pay. I'm sure someone has figured out the best way for TSMC North America to bill the visa employees as contractors back to head quarters and avoid visa holder tax with holdings. These two articles were interesting which indicate "TSMC profited from the tension between China and the U.S. by playing off both sides. Analysts say that TSMC building a plant in Arizona is “the minimal price to stay neutral.”[5][6] [1] https://www.uscis.gov/working-in-the-united-states/h-1b-specialty-occupations https://www.uscis.gov/working-in-the-united-states/h-1b-spec... [2] https://www.uscis.gov/working-in-the-united-states/temporary-workers/l-1b-intracompany-transferee-specialized-knowledge https://www.uscis.gov/working-in-the-united-states/temporary... [3] https://www.tsmc.com/english/contact-us#TSMC-Subsidiaries https://www.tsmc.com/english/contact-us#TSMC-Subsidiaries [4] https://www.uscis.gov/policy-manual/volume-2-part-l-chapter-4 https://www.uscis.gov/policy-manual/volume-2-part-l-chapter-... [5] https://international.thenewslens.com/article/135648 https://international.thenewslens.com/article/135648 (2020-05-26) [6] https://english.cw.com.tw/article/article.action?id=2719&utm_source=twitter_english&utm_medium=social&utm_campaign=twitter_english https://english.cw.com.tw/article/article.action?id=2719&utm... (2020-05-21)

up2isomorphism 3y ago

As someone who lived here for over 15 years I can tell you this is not exactly about the salary.

hsjqllzlfkf 3y ago
Wanna tell us more...?