According to the Vietnam News Agency in Tokyo, Japanese semiconductor equipment manufacturer Tokyo Electron Limited (TEL) will increase the monthly starting salary for new recruits by about 40%, breaking the mark for the first time. barrier of 300,000 JPY (about 2,121 USD). This action is expected to bring TEL’s personnel salaries on par with international partners to attract more quality talents from the semiconductor industry.
According to a report from Nikkei Asia, TEL has continuously increased salaries and bonuses thanks to good business performance. The company will increase the salary of all new employees by 85,500 JPY.
Starting April 2024, the monthly salary of college graduates joining the company will reach 304,800 JPY (equivalent to 2,161 USD), while those with higher qualifications can receive 320,000 JPY. This move marks the first time TEL has increased salaries for new employees in 7 years.
According to a survey conducted by Japan’s National Personnel Agency in spring 2023, Japanese private companies offer an average starting salary of about 210,000 JPY (about 1,484 USD) for university graduates. studies, and about 230,000 JPY for those with higher degrees. On the other hand, TEL’s financial report revealed that the company’s average annual salary as of March 2023 was 13.98 million JPY.
In recent times, Japan has seen a series of significant investments in the country’s semiconductor industry, including TSMC’s entry into Kumamoto, Kyushu. Semiconductor manufacturers are offering high salaries to attract skilled personnel, and the trend is pushing chip equipment suppliers to follow suit.
TEL plans to hire about 400 new graduates by spring 2024, an increase of 50 from the previous year, and expects to increase the number of new employees to 500 over the next few years.
This event opens up opportunities for many talented people to feel secure in contributing to TEL in particular and the Japanese semiconductor industry in general, after a move that is expected to have a strong impact on the entire industry. It is expected that this will be a push to increase the basic salary of the Japanese semiconductor industry, attracting many domestic and international semiconductor talents.