State funding for Chinese companies enables them to offer salaries beyond what Western companies can pay.
Source?
ASML made €8 billion in net income in 2023. TSMC, $30 billion (not Western, but mentioned in the same breath). I’m sure they could scrounge a few coins from under the couch cushions to match salaries if they wanted to.
I found this line very funny:
Source?
ASML made €8 billion in net income in 2023. TSMC, $30 billion (not Western, but mentioned in the same breath). I’m sure they could scrounge a few coins from under the couch cushions to match salaries if they wanted to.