Market Chatter: Taiwan Semiconductor Signals Larger Bonus Payouts as Chip Demand Strengthens

MT Newswires Live05-27 21:31

Taiwan Semiconductor Manufacturing (TSM) Chief Executive C.C. Wei told employees they will receive a more than 30% increase in profit-sharing payouts on average this year, driven by strong earnings growth fueled by AI demand, Bloomberg reported Wednesday, citing a person familiar with the matter.

The company said it expects full-year growth in staff profit-sharing to exceed last year's level, noting that payouts are linked to company performance and profitability, according to the report.

Taiwan Semiconductor Manufacturing shares were up 3.5% in premarket trading.

The company did not immediately reply to an MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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