On November 16th, according to Taiwanese media reports, the semiconductor giant TSMC issued an internal announcement that starting from January 1 next year, it will adjust the salary structure of the company’s Taiwanese employees and employees participating in employee dividends, and the fixed salary will be increased by 20%.

It’s reported that TSMC will adjust salary every year by about 3% to 5%. It has not been a major structural salary adjustment for more than 10 years. This time, the salary adjustment is about 20%, the highest rate in recent years.

TSMC Chairman Liu Deyin has previously revealed that the company will hire 8,000 people this year, doubling the number in previous years. In order to retain talents, a substantial structural salary adjustment was carried out.

The salary of TSMC’s employees is very awesome. Public data shows that the median annual salary of TSMC’s non-supervisory positions is NT$1.59 million (approximately RMB 374,000), making it the 17th high-paying company among listed companies in Taiwan.

The median, a proper noun in statistics, is the number in the middle of a set of data arranged in sequence.

Founded in 1987, TSMC is the world’s largest foundry semiconductor manufacturing plant, and its customers include Apple, Qualcomm, etc. Its headquarter is located in Hsinchu Science Industrial Park in Hsinchu, Taiwan.