Taiwanese Firm TSMC Unveils Plans To $100 Billion Investment to Meet Supply Shortfall In Semiconductor Chips

by Swarajya Staff – Apr 7, 2021 05:29 AM TSMC Fab factory Taiwan Semiconductor Manufacturing (TSMC), the world's largest contract chip maker, has announced plans to invest $100 billion over the next three years to increase production capacity as demand surges. The announcement came close on the heels of US chip behemoth Intel unveiling plans to spend $20 billion building two new plants in Arizona as part of a plan to boost production at home and in Europe. “We are entering a period of higher growth as the multiyear megatrends of 5G and High Performance Computing are expected to fuel…