Macronix to give each employee hefty 30th anniversary bonus

Macronix Chairman Wu Miin-chyou (Left) (NOWnews)
Macronix Chairman Wu Miin-chyou (Left) (NOWnews)

TAIPEI (CNA) — Macronix International Co., one of Taiwan’s leading memory chipmakers, said Monday it will give a NT$10,000 (US$328) bonus to each employee to celebrate its 30th anniversary.

Macronix, which mainly produces Nor Flash and NAND Flash memory chips used in storage, will pay a total of NT$40 million in bonuses based on its 4,000-person workforce.

At a 30th anniversary ceremony, Macronix Chairman Wu Miin-chyou (吳敏求) said the bonuses reflect the company’s gratitude for the contribution made by its employees and support from the employees’ families.

Wu said he established Macronix 30 years ago with a workforce of barely 100 people, and the company has grown significantly with the help of its employees.

The company struggled for much of this decade because of a supply glut, posting losses for six consecutive years from 2011 to 2016.

In 2017, however, Macronix made money, with earnings per share of NT$3.12, and it did even better last year, with earnings per share of NT$4.94.

But the company has seen its profitability soften this year, with EPS of NT$1.21 for the first nine months of 2019.

Wu said Monday he was optimistic over the global memory chip market as emerging 5G technologies boost demand, and he believes that the company’s shipments of memory chips for 5G application use will hit a high in 2020 and 2021.

He said Macronix has secured orders for chips used in 5G base stations from customers in China, Japan and South Korea, adding Chinese telecom equipment brand Huawei Technologies Inc.

Wu also anticipated that the global supply of NAND flash and Nor flash chips will fall short of demand next year, pushing product prices higher, especially in the second half of the year.