TSMC approves $ 2.8 billion for capacity expansion in response to global chip shortages

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TSMC’s board has approved $ 2.89 billion (about SEK 21,690) in spending to increase capacity, the company said in response to a global chip shortage that has particularly affected automakers.

In a brief statement, the world’s largest contract circuit manufacturer said its government had approved spending on “installing mature technology capacity”.

It did not specify.

The company announced this month that it plans to invest $ 100 billion (about SEK 750,300) over the next three years to increase plant capacity days after that. Intel announced a $ 20 billion (approximately SEK 150,000) plan to expand its capacity.

TSMC, whose customers are Apple and Qualcomm, has said it is working hard to increase productivity and alleviate global shortages, but the supply chain is likely to continue next year.

The company has marked “many years of growth opportunities” COVID-19 the pandemic will increase the demand for advanced chips for power supplies such as smartphones and laptops.

But its business has been boosted by a chip shortage that initially forced carmakers to cut production, but is now also hurting smartphone, laptop and even home appliance manufacturers.

© Thomson Reuters 2021


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