Taiwan's TSMC to Hire 3,000 New Engineers in 2010

The hiring reflects the company's need for both R&D and production expansion.

Taiwan Semiconductor Manufacturing Co. said on Jan. 15 it will hire more than 3,000 engineers this year to meet rising global demand for its high tech products.

"The hiring reflects TSMC's needs for a larger workforce to enforce research and development as well as production expansion," a company official said.

TSMC, the world's largest contract chip maker, currently has about 23,000 employees worldwide.

The firm's capital expenditure in 2009 totaled $2.7 billion and the market expects that to rise to $4.5 billion this year.

The company suffered as the technology industry was hit hard by the global economic downturn and requested its employees take unpaid leave in December 2008.

It has since benefitted from a worldwide recovery and began paying staff for their time off in April last year, while all its employees were given a 15% salary rise starting from January 1.

Copyright Agence France-Presse, 2010

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