Summary List Placement
The semiconductor industry has been growing rapidly as the rise of technologies like cloud computing and artificial intelligence spark stronger demand for more powerful computer processors.
Intel, the world’s biggest chipmaker, is facing stiffer competition from rivals led by AMD and Nvidia, which are challenging its dominance in the lucrative data center chip market and outpacing the Silicon Valley giant in AI. Memory chip giant Micron has also benefitted from strong demand for memory processors.
The competition has also led to heightened competition for talent, especially in hardware and software engineering and artificial intelligence. Big chip companies have been looking overseas to fill key roles through the H-1B visa program.
Business Insider analyzed the US Office of Foreign Labor Certification’s 2020 disclosure data for permanent and temporary foreign workers to find out what four major semiconductor giants — Nvidia, Intel, AMD, and Micron — have paid recent new hires.
Companies are required to disclose information, such as salary ranges, when they hire foreign workers under the H-1B visa program, giving insight into what these major companies are willing to shell out for talent.
This data comes with some caveats: For some positions, the companies gave only a salary range, rather than a specific figure. And the data included here may not give a complete picture of any given employee’s compensation package, which could also include cash or stock bonuses. Still, the disclosure data gives a rare look into the wages paid by these tech giants.
Here’s how much these top chip companies paid new employees hired in 2020:
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Intel hired strategic planning manager in California with a salary between $232,000 and $310,000
Intel, the world’s biggest chip maker, has struggled with production delays that have enabled rival AMD to gain market share, particularly in the data center chip market.
But Intel remains a giant, with a huge reach and a massive intellectual property arsenal. “Intel is still a behemoth,” Bernstein analyst Stacy Rasgon told Business Insider recently. “They still generate a ton of cash. They’re fine. … I’m not worried about Intel going to zero.”
Here are Intel’s recent hires and how much they are paid based on 739 approved visa applications:
Strategic planning manager (California): $232,000 to $310,000
Senior engineering manager (California): $200,000 to $310,000
SoC design engineering manager (Texas): $197,000 to $305,000
Software engineering manager (Oregon): $153,000 to $305,000
Director of silicon technology and prototyping lab (Oregon): $153,000 to $297,000
Director of foundry platform definition (Oregon): $153,000 to $247,000
Merger and acquisition integration manager (California): $180,000 to $237,000
AMD hired a senior manager firmware engineering in Texas with a salary between $175,000 and $230,000
AMD has been gaining market share from Intel in the fast growing market for data center chips.
The Silicon Valley company, which has long played the role of David to Intel’s Goliath, has also outpaced its bigger …read more
Source:: Businessinsider – Tech