TSMC and MediaTek will hire more than 10,000 employees in 2022

Taiwan’s two major chipmakers plan to hire more than 10,000 engineers this year to bolster their aggressive expansion plans and maintain their technological edge as global economies push to cultivate their own domestic industries.

Taiwan Semiconductor Manufacturing Co is looking to hire around 8,000 engineers in 2022, a similar level to last year, people familiar with the matter said. The world’s largest contract chipmaker is in the midst of its biggest expansion, with facilities being built and scaled up in Taiwan, the United States, Japan and China.

TSMC said on Thursday it plans to spend up to $44 billion this year to expand production capacity to ease an unprecedented global chip shortage and capture growing demand for chips used in artificial intelligence. and 5G-powered apps. TSMC told Nikkei Asia that it has not yet finalized its recruitment plans for this year, but said its recruitment target last year was around 8,000 hires. It already has more than 60,000 employees worldwide.

Meanwhile, MediaTek, the world’s largest mobile chip developer by shipments, said it will hire more than 2,000 people this year. The company, which recently overtook US mobile chipmaker Qualcomm in the premium 5G market, hired more than 2,000 engineers last year, bringing its total workforce to about 19,300 employees.

MediaTek is hiring mainly in Taiwan, although it will aim to add a substantial number of employees in India, where the chip developer has a research and development team of 1,000 people and has already found “great talent in semi -drivers,” the company said. MediaTek said it spent about NT$100 billion ($3.6 billion) on R&D in 2021 and the budget this year would increase by 10-20%. In 2020, its R&D budget was NT$77.3 billion.

This article is from Nikkei Asia, a global publication with a unique Asian perspective on politics, economics, business and international affairs. Our own correspondents and outside commentators from around the world share their views on Asia, while our Asia300 section provides in-depth coverage of 300 of the largest and fastest growing listed companies in 11 economies outside of Japan. .

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Taiwan has the world’s second-largest semiconductor economy by revenue after the United States, and over several decades it has built a comprehensive and mature chip cluster on its west coast. Europe’s largest chip equipment maker, ASML, plans to hire some 1,000 people in Taiwan this year, after hiring 1,400 last year, leading a team of 3,800 employees across the country. ‘Isle. Leading chip materials makers Merck and Entegris are building new production facilities in Taiwan and also plan to hire more people locally this year.

The moves by TSMC and MediaTek come as the year-long global chip crisis has underscored the strategic importance of the democratically-ruled island and its chip industry. Chip shortages have affected a wide range of industries, from smartphones, PCs and servers to automobiles and military equipment.

The major auto economies of the United States, Germany and Japan have all called on the Taiwanese government to encourage local chipmakers to prioritize auto chips. To bolster supply chain security, governments have also introduced massive subsidy schemes to bring semiconductor production back to shore.

To protect Taiwan’s position in the chip supply chain and address concerns of a talent shortage, the island recently opened four new semiconductor graduate schools in its top four universities. The government plans to invest NT$300 million over the next decade to ensure a steady flow of R&D talent supporting the growth of the local chip industry.

A version of this article was first published by Nikkei Asia on January 14, 2022. ©2022 Nikkei Inc. All Rights Reserved

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