Quote:
Originally Posted by Unregistered
(Post 211621)
Actually I dont see the point of Micron offers 5k to fresh grad. Globalfoundries offers 3.7-3.9 for fresh grad, SSMC, STM about the same as Globalfoundries, UMC not sure but I think ard 4k oso.
Why Micron need to offer 5k? Does NAND price/profit increase? Else the labour cost will be crazy. Btw, Micron has a lot of Malaysia fresh grad engineer, like u say there will be overall salary adjustment, they also receive 5k??
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I have provided the answer as to why there will be a stiff competition for talent in the industry. Let me share some quotes from my previous posts:
Quote:
Originally Posted by New here
(Post 211595)
All I know is the new Gf fab will be operational on 2023, new UMC fab will be operational in 2024, new infineon AI hub will be operational on 2023 and the second ASML factory in Singapore will open in early 2023. Please go google to see all these news.
I don't know if 1st May is the right time for the pay adjustment, but given all the expansion news, does it not make sense for talent competition to enter new heights? Does it not make sense to hike the salary in view of this strong competition?
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Quote:
Originally Posted by New here
(Post 211242)
Lastly, semicon manufacturing is not dying in Singapore. In fact, we have been expanding non-stop since I joined Micron in 2013. If you ready the news, global foundries is building a new fab in SG, UMC has recently announced to build a second fab in SG. ASML just opened a new production plant in SG and has committed to expand further in SG. I expect to hear more of such semicon expansion news in SG in the coming months or even years. With the world entering a digital era that heavily relies on 5G, AI, electric vehicles, satellite application, cloud/data center etc, we are now just at the beginning of the digital revolution. Demand for semicon is assured of the next 5-10 years in a conservative sense.
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I have a lot of information shared by the executives on the outlook for memory business which will outpace other semiconductor as the use of AI will demand much more NAND memory as compared to other semiconductor components. However, I cannot share those since they are classified for internal use only. I tried to find online for memory outlook analysis, but many reports are paid-reports.
Please feel free to search online for any available reports, or interviews that can provide you some insights on semiconductor growth.
Let me share some other publicly-available information, like Micron's Q2 financial report released just a few days ago. s://.zdnet.com/article/micron-stock-jumps-as-fyq2-results-outlook-top-expectations/
Ultimately we just need to look around us, do we all agree that semiconductor (specifically memory) is increasingly important for strategic applications include EV, 5G, AI, datacenters etc? If yes, naturally the industry will boom. The whole world including Taiwan, Japan, China, America, Singapore, Malaysia, europe, and even India are wooing semiconductor to invest in their country.
Yes labour cost will increase. But don't forget this market pie is getting bigger and bigger, revenue and profit is also increasing. (You may see the micron Q2 earnings report above. Micron CEO has already made a bold decision at the beginning of FY'22 that Micron will make the highest revenue in micron history. Now half a year has gone and we are well on track for the record.)
Lastly, 5k applies to all, regardless of nationality in Micron Singapore.