/PRNewswire/ The global smartphone power management ic market size is estimated to grow by USD 5.37 bn from 2024-2028, according to Technavio. The market is.
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Earlier this week, MediaTek announced that it would be offering incentive bonuses worth 1.7 billion New Taiwan Dollars (roughly 59 million US Dollars) to its various employees after the company recorded a surge in sales of its smartphones chips last year.
According to a
TaiPei Times report, the chipmaker is giving large bonuses to its employees, which also includes those that work in the company’s major subsidiaries as well. Notably, this announcement marks the biggest incentive bonus that MediaTek has ever distributed in its 23 year long history. At the moment, the company employs around 17,000 people working under it and its five subsidiaries, including Richtek Technology Corp and Airoha Technology Corp.
MediaTek unveils record bonuses amid sales surge
By Lisa Wang / Staff reporter
MediaTek Inc (聯發科) yesterday announced it would give incentive bonuses totaling NT$1.7 billion (US$59.7 million) to its employees and those at the firm’s major subsidiaries, after the smartphone chip supplier’s revenue hit US$10 billion last year.
This is the biggest incentive bonus the Hsinchu-based handset chip designer has ever distributed in its 23-year history.
About 17,000 full-time employees of MediaTek and five of its subsidiaries, including Richtek Technology Corp (立錡科技) and Airoha Technology Corp (絡達科技), would receive a “red envelope” of NT$100,000 each, the company said.
From left, MediaTek Inc president Joe Chen, chairman Tsai Ming-kai and chief executive officer Rick Tsai yesterday thank the company’s employees after the chip designer’s revenue hit US$10 billion last year.
MediaTek to pay employees NT$100,000 after sales reach milestone
01/14/2021 09:39 PM
CNA file photo
Taipei, Jan. 14 (CNA) Taiwan-based MediaTek Inc., one of the leading integrated circuit designers in the world, on Thursday announced that it will pay each of its employees and the employees of its subsidiaries an additional NT$100,000 (US$3,571) after the company s consolidated sales for 2020 passed US$10 billion.
Addressing an online ceremony to celebrate the IC designer surpassing its sales target, MediaTek Chairman Tsai Ming-kai (蔡明介) said the company has reached a new milestone with its consolidated sales passing the US$10 billion mark, an achievement he attributed to the hard work of everyone at the group.