In 2020 Intel's attrition rate was 4% while TSMC's was 5.3%. The current job market is puting a lot of pressure onto companies to find ways to retain and recruit talents.
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Inflation is up, salaries are up. The best way to get a big raise is a job move. The 2.7% per annum is not keeping up with inflation. It sucks for everyone. With FAANG making their own chips, ARM server startups, there is a whole lot more demand for talent, so it is not just manufacturing.
Plus, your stock options could be in the money.
The brain drain I'm currently seeing in Intel is startling. Including many people who have stuck it out for well over 20 years. I doubt money will fix the problem. IMO, Intel needs to make fundamental changes in how it treats employees, ditch the suck-up corporate politics, focus on technical product leadership rather than that touchy-feely diversity stuff they post on LinkedIn (diversity is table-stakes in the high tech industry), and finally address the incompetence of many of its managers.
They may be required to if Intel does any work as a federal contractor.. I assume they fab atleast some chips for the US.They're singling out the unvaccinated.