Details of 15% subsidy for TSMC employees to buy shares have been released, and monthly purchases will be made from October.

On the evening of May 10th, Beijing time, it was reported that TSMC’s board of directors today officially decided on a 15% plan to subsidize stock purchases for more than 60,000 employees around the world. In response to the outside world’s attention to the details of the subsidy, TSMC emphasized today that the plan is applicable to all full-time employees of TSMC and its 100%-owned subsidiaries. By providing subsidy for stock purchases, TSMC can share the beautiful results of the company’s long-term growth with colleagues. In addition, it plans to purchase company stocks for employees on a monthly basis starting in October.

TSMC emphasized that,Taiwanese employees and employees of TSMC’s 100%-owned subsidiaries can raise the maximum monthly salary of 20% and 15% of their monthly salary, respectively.. The employee’s self-withdrawal fund accounts for 85% of the total purchased shares, and the remaining 15% is subsidized by the company’s subsidy.

TSMC pointed out that the plan will take effect after today’s board approval. After TSMC confirms the implementation details, it will start an internal explanation in July and open employees to join the stock purchase plan in August and September. It is expected that the funds will be withheld and withdrawn according to the wishes of the employees in September, and the company’s stock will be purchased for employees on a monthly basis from October.