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China tech

China hires over 100 TSMC engineers in push for chip leadership

Emerging chipmakers offer lavish pay packages to snap up talent

TSMC, the world's leading contract chipmaker, has become a target for rival chip companies looking for talent.   © EPA/Jiji

TAIPEI -- Two Chinese government-backed chip projects have together hired more than 100 veteran engineers and managers from Taiwan Semiconductor Manufacturing Co., the world's leading chipmaker, since last year, multiple sources have told the Nikkei Asian Review.

The hirings are aimed at helping Beijing achieve its goal of fostering a domestic chip industry in order to cut China's reliance on foreign suppliers, the sources said.

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