Signs of Tech Turnaround in Taiwan

Unpaid-leave practices end

3 min read

12 January 2010—Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest semiconductor foundry, had a nice holiday present for its employees: a 15 percent raise beginning in 2010. The bonus had many wondering if the long-awaited economic recovery had finally arrived.

Chairman Morris Chang's Santa Claus act came in a 21 December video presentation. "This is a structural change and is unrelated to the annual salary review," Chang told employees. "I believe that on average, the total compensation that everyone will receive in 2010 will continue to be better than 2009, and you will be able to see for yourself very soon."

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Asad Madni and the Life-Saving Sensor

His pivot from defense helped a tiny tuning-fork prevent SUV rollovers and plane crashes

11 min read
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Asad Madni and the Life-Saving Sensor

In 1992, Asad M. Madni sat at the helm of BEI Sensors and Controls, overseeing a product line that included a variety of sensor and inertial-navigation devices, but its customers were less varied—mainly, the aerospace and defense electronics industries.

And he had a problem.

The Cold War had ended, crashing the U.S. defense industry. And business wasn’t going to come back anytime soon. BEI needed to identify and capture new customers—and quickly.

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