Taipei-Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said Friday that it contributed more than 4 percent to Taiwan's gross domestic product (GDP) last year as its added value increased.
In its latest corporate social responsibility report, TSMC said its investments created NT$792.9 billion (US$25.28 billion) in added value in 2018.
The figure was 4.85 percent higher than the previous year and accounted for 4.46 percent of Taiwan's GDP, the company said.
Since 2015, TSMC said, it has been working with the government-sponsored Industrial Technology Research Institute (ITRI) to determine how it could contribute to the growth of the domestic economy by utilizing local resources.
In addition to the higher added value, TSMC said, it also generated NT$1.024 trillion in production value last year after hiring 43,000 employees.
That created a spillover effect that resulted in an additional national output of almost NT$2 trillion and 364,000 job openings nationwide, according to the report.
TSMC said its added value ratio, which is the ratio of added value to production value, hit about 77 percent last year, far above the average 30 percent for industries in Taiwan.
Both its added value and production value hit record highs in 2018, the company reported.
According to the report, TSMC posted a record NT$351.13 billion in net profit in 2018, an annual increase of 2.3 percent, and an earnings per share of NT$13.54, compared with NT$13.23 in 2017.
Citing joint studies with ITRI in recent years, TSMC said its investments have benefited companies in the local semiconductor sector supply chain upstream, midstream and downstream.
On the issue of the environment, TSMC said that while its electricity and water consumption has increased due to its technology upgrades, it is committed to environmentally friendly practices.
In terms of water conservation, TSMC said, it is planning to team up with industrial partners to build a water recycling facility in the Southern Taiwan Science Park later this year, which will supply 20,000 tons of recycled industrial water a day.
In an attempt to reduce its carbon emissions, TSMC said, it is seeking to purchase renewable energy and install green power generation facilities at its production complexes.
Shares of TSMC rose 1.97 percent Friday to close at NT$259.00, helping to drive the gains on the Taiwan Stock Exchange, where the benchmark weighted index ended up 1.49 percent at 10,618.05 points on reduced concerns over the trade tensions between the United States and China.
Source: Focus Taiwan News Channel