Taiwan Microchip Firm Distributes NT$4.77B To Its Workers

United Microelectronics Corp. (UMC), a semiconductor wafer foundry based in Hsinchu City, northern Taiwan, distributed bonuses worth a total of NT$4.77 billion (US$158.9 million) to its employees Friday, an increase of 85 percent year-on-year, Yang Lan-hsuan and Shih Hsiu-chuan reported for Central News Agency (CNA).

Photo Insert: The United Microelectronics Corp. (UMC) wafer facility in Singapore

Based on a report published by the company last year, which put its number of employees at 13,765, the average employee bonus comes to about NT$340,000.

The distribution of the bonus was based on a decision made at the company's board meeting early this year

UMC reported total annual revenue of NT$213 billion in 2021, up 20.46 percent from a year earlier, with net profit soaring 91.1 percent to NT$55.78 billion, resulting in per-share net profit of NT$4.57.

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