TSMC is on track to have more employees than Intel for the first time in history — TSMC's explosive growth stands in contrast to Intel's rapid contraction

TSMC is set to surpass Intel as the largest semiconductor employer, with TSMC's aggressive hiring contrasting Intel's significant job cuts. Intel currently employs 85,100 people, while TSMC had 83,825 full-time employees at the end of 2024. Other tech companies like AMD, Nvidia, Qualcomm, Apple, and Arm have also been hiring actively due to increased semiconductor demand. Intel's focus on in-house manufacturing and R&D spending, despite recent cuts, highlights its unique position in the industry. The article emphasizes the importance of R&D spending as a benchmark for a company's future competitiveness and financial health, especially in the rapidly evolving semiconductor market.