Taiwan Seminconductor Manufacturing is denying rumors of a 15% reduction in employee bonuses.
Recent social media speculation regarding bonus cuts sparked frustration among some employees, with some threatening strike action similar to recent protests seen at Samsung.
In a statement today, TSMC emphasized its gratitude for employee contributions, and says it is confident that the annual growth rate of employee bonuses will exceed the growth rate seen last year.
The chipmaker acknowledged that it is increasing the proportion of its earnings allocated toward social sustainability initiatives to give back to the community, but says it expects employee bonuses to continue increasing in line with its steady future development.
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