Feeds

No TSMC job cuts or fab closures – Chairman Chang

Not like UMC

  • alert
  • submit to reddit

The Taiwan Semiconductor Manufacturing Company, the world's biggest chip foundry, will not close fabs or cut its workforce, chairman Morris Chang has promised.

It's not the first time he's said as much during the current crisis in the world semiconductor market, but his latest comments follow rival foundry UMC's decision that the market conditions have become so bad it's necessary to lay off workers.

UMC recently rid itself of 266 staff. More may follow them out real soon.

In the circumstances, then, TSMC employees will feel heartened by Chang's optimism. The company's chairman reckons the market will improve this current quarter and during the next one.

In any case, if it came to the crunch, capital spending would be cut before TSMC resorted to the relatively small savings made by laying off staff, Chang promised. ®

Related Stories

UMC cans 266 'slackers'
Taiwan chip sales fall in June
TSMC fabs down to 50% capacity

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.