TSMC fires 7 employees for violating company's 'core values'

09/22/2021 04:01 PM
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CNA file photo
CNA file photo

Taipei, Sept. 22 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said on Wednesday that it has fired seven of its employees for violating the company's "core values."

While the chipmaker did not disclose exactly why it fired the seven employees, local news media reported earlier in the day that the affected employees leaked confidential information on orders from clients to outsiders.

In a statement, TSMC confirmed reports that it fired the seven employees at once, saying it released an internal notice last week to inform the entire company of the move ahead of the four-day Mid-Autumn Festival long weekend, which ended Tuesday.

TSMC said it fired the seven employees for failing to abide by employment norms and engaging in inappropriate behavior that "violated the company's core values."

"TSMC always does business based on honesty and integrity, which have become the most important principles of the company. So employees should follow these core values when they work at the company," the chipmaker said.

"In the future, TSMC will continue to follow these principles and request all employees to do the same."

According to TSMC, the seven employees did not belong to a single department, and there were different reasons behind their violations, but it did not provide any further details.

Local media said the fired employees were either equipment section chiefs or engineers. While some reports said they leaked order information to outsiders, others said they violated company rules by the way they made investments or by failing to follow their work schedules.

The reports said TSMC has fired one or two employees at one time in the past for their violation of trade secrets but had never abruptly fired as many as seven people at the same time.

According to the company's annual report, TSMC and its subsidiaries had a workforce of more than 56,000 people at the end of 2020.

(By Chang Chien-chung and Frances Huang)

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