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TSMC to Beef Up Chip Production Capacity with $100 Billion Investment Plan

Ding Yi / Apr 02, 2021 06:28 PM / Business & Tech

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) unveiled on Thursday a plan to invest $100 billion over the next three years to increase capacity at its plants, a move that came amid a shortage of chips that has hindered the production of makers of cars, phones, laptops and even appliances, according to Reuters.

The new plan is based on the estimate that demand for TSMC’s semiconductors will grow rapidly in the next several years amid the gradual adoption of 5G and high-performance computing technologies and digitalization of many services which have been accelerated by the Covid-19 pandemic, the company said in a statement to Reuters.

In May, TSMC announced plans to build a $12 billion factory in Arizona, in line with the former Trump administration’s call to bring back global tech supply chains to the U.S.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Arm Says Its Latest Chip Architecture Could Be Made Available to Huawei

 


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