Chipmaker TSMC approves $2.8 bln for capacity expansion
The Hindu
The company this month said that it plans to invest $100 billion over the next three years to increase capacity at its plants, days after Intel Corp announced a $20 billion plan to expand its capacity
Taiwan Semiconductor Manufacturing Co's (TSMC) board has approved $2.89 billion in spending to increase capacity, the company said on Thursday, responding to a global chip shortage that has affected carmakers in particular. In a brief statement, the world's largest contract chipmaker said its board had approved the spending "for the purpose of installing mature technology capacity". It did not elaborate.More Related News