Taiwan Semiconductor Manufacturing Company (TSMC) announced employee bonuses of NT$36 billion for the second quarter, up more than 50% year-over-year

Odaily News: Chip manufacturer TSMC today distributed approximately NT$36 billion in employee bonuses for the second quarter, an increase of more than 50% compared to the same period last year. Of TSMC's annual employee bonus pool, half is distributed at the end of each quarter, while the remaining half is distributed after the shareholders' meeting the following year.

In the second quarter, driven by growth across its high-performance computing, IoT, automotive, and consumer electronics platform businesses, TSMC achieved record quarterly revenue and profits, with revenue reaching $40.2 billion and net profit attributable to parent company shareholders of NT$706.56 billion, a 77.4% year-over-year increase. Earnings per share stood at NT$27.25. (CTEE Semiconductor)