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

Source: swarajyamag.com swarajyamag.com

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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...