To handle the global chip shortage, The Taiwan
Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker,
has announced that it plans to increase its plant capacity with an investment
of $2.8 billion to install mature technology.
The world has been facing a global chip shortage and the brand mentioned it is
trying hard to increase productivity.
After Intel Corp announced that it will be
investing in a $20 billion plant to expand its capacity, TSMC announced that it
will be investing $100 billion in the next three years.
The company is looking at several years of
growth opportunities because of increased demand for chips due to the COVID-19