TSMC Pays Firefighters As Much As $120,000 To Join The Company

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According to a fresh report from Taiwan, the Taiwan Semiconductor Manufacturing Company (TSMC) is attracting firefighters from local fire departments by offering them lucrative salaries. TSMC is the world's largest contract chip manufacturer, and the firm has risen to prominence as it becomes a key supplier of crucial semiconductor firms such as NVIDIA and AMD, alongside aatering exclusively to needs of Apple. The report reveals that TSMC is paying firefighters as much as $120,000 to entice them to join the company. The compensation also includes multi-month bonuses to make up for their loss of public sector employment.

Semiconductor fabrication is one of the most capital intensive operations in the world, requiring billions of dollars of investment over a multi year time horizon to get the machines up an running to print billions of tiny circuits on silicon. . At theame tim,e fabs also have to invest in expensive clean rooms and other equipment to maintain purity levels necessary for chip performance.

Companies like TSMC, which supply most of the world's latest chips, must also be careful about their equipment runtime. Even a sight shutdown can disrupt the global supply chain, which is intricately balanced on orders made months in advanced and being work in process. This is compounded by the delicate nature of making the chips, since even a small shutdown can waste inventory being processed.

Amidst this backdrop, chipmakers have to invest to ensure that their facilities have the right emergency response measures, and it appears as if TSMC is going all out with its firefighting