Reported about 1 year ago
FTNN News, July 7, 2024, 7:30 AM - Many tech engineers enjoy high salaries and buying houses, particularly in areas like Hsinchu where TSMC factories have driven up property prices. A real estate agent with over 20 years of experience revealed that Nvidia employees in Silicon Valley are aggressively buying houses, causing prices to surge. Nvidia's employees are known for bidding aggressively, with one commenting that their behavior lacks ethics. The post drew attention to Nvidia CEO Jensen Huang's announcement of a 25% stock bonus for employees that influenced their house-buying habits, particularly in Santa Clara. Nvidia employees are said to be so wealthy that they are willing to outbid others by $50,000 increments. The fierce competition in the housing market has surprised many in Silicon Valley, with both netizens and industry professionals noting Nvidia's employees' ruthless tactics in acquiring properties.
Source: YAHOO