Taiwan Semiconductor Manufacturing Co. (TSMC) distributed about NT$36 billion in employee bonuses for the second quarter, according to an Odaily report citing CTEE Semiconductor. The payout was more than 50% higher than in the same period last year.
Under TSMC’s compensation structure, half of the company’s annual employee bonus pool is paid after the end of each quarter, while the remaining half is distributed after the shareholders’ meeting in the following year.
The bonus release came after TSMC posted record second-quarter revenue and profit, driven by growth across its high-performance computing, Internet of Things, automotive and consumer electronics platform businesses. Quarterly revenue reached $40.2 billion, while net profit attributable to shareholders of the parent company totaled NT$706.56 billion. That figure was up 77.4% from a year earlier. Earnings per share came in at NT$27.25.
TSMC distributed about NT$36 billion in employee bonuses for the second quarter on Friday, according to Odaily, which cited CTEE Semiconductor. The amount was more than 50% higher than a year earlier.
Under the company’s annual employee bonus arrangement, half of the total bonus is paid after the end of each quarter. The other half is distributed after the shareholders’ meeting in the following year.
TSMC reported record quarterly revenue and profit in the second quarter, supported by growth in its high-performance computing, Internet of Things, automotive and consumer electronics platform businesses. Revenue reached $40.2 billion. Net profit attributable to shareholders of the parent company was NT$706.56 billion, up 77.4% year over year, while earnings per share were NT$27.25.
CTEE Semiconductor was cited as the source of the figures.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
