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Automotive Product Finder Magazine | Contract chipmaker TSMC to invest $2.8 bn for expansion

Contract chipmaker TSMC to invest $2.8 bn for expansion

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News  /   April

Taipei, Taiwan

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 pandemic.

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https://www.automotiveproductsfinder.com/news/auto-industry--localisation-movement-needs-government-support/134403

 

Tags Cloud
  • Chip Shortage
  • Chipmaker
  • TSMC
  • Mature Technology
  • Demand For Chips
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