Microelectronics Corp (UMC), a Taiwan-based chipmaker announced its plan to
invest $3.6 billion to expand its chip production capacity. The chipmaker will utilise
the amount over the next three years to combat the global chip shortage.
Jason Wang, Co-President,
UMC, mentioned in an earning call that the production will happen at an existing
UMC facility in the Tainan Science Park from Q2 of 2023. He added that UMC was working
with suppliers, partners and customers to ease the semiconductor
shortage initially affected automakers but is now showing effects on other
segments such as laptops, smartphones and household appliances.
Source: ET Auto
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