Caixin
Jan 27, 2022 02:35 PM
TECH

TSMC’s $40 Billion Spree May Tip the Scales on Taiwan’s Growth

A silicon wafer made by TSMC is arranged for a photograph at the company's headquarters in Hsinchu on Jan. 30, 2008. Photo: Bloomberg
A silicon wafer made by TSMC is arranged for a photograph at the company's headquarters in Hsinchu on Jan. 30, 2008. Photo: Bloomberg

(Bloomberg) — Taiwan’s economy is set to receive a substantial boost this year from Taiwan Semiconductor Manufacturing Co.’s unprecedented spending spree as the chipmaking giant accelerates plans to build more factories.

Taiwan’s largest company revealed plans earlier this month to spend between $40 billion and $44 billion this year on new plants to help ease the shortage of semiconductors. That’s equivalent to around 5% of Taiwan’s $760 billion economy, based on the government’s gross domestic product estimates for 2021. And while a portion of TSMC’s capital expenditure will go overseas, the majority will be spent at home to expand factories making its highly sought-after semiconductors.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code