But such career moves have accelerated under Beijing’s “Made in China 2025” plan to foster self-sufficiency in high-tech industries.
Semiconductor manufacturing is both capital- and talent-intensive: Even with the best equipment on the market, a company cannot mass-produce chips without technicians to work on them.
“Chinese players are now trying to overcome the barrier by recruiting not only top executives, but entire production teams on the ground,” a Taiwanese industry insider said. “They are paying two to three times as much as Taiwanese companies.”
Taiwanese companies are finding themselves outmatched.
“We are improving our compensation, but it is difficult to compete with mainland companies,” Nanya Technology President Lee Pei-ing said.
Read full article here: