TSMC says plans to invest $100 billion over next three years to meet chip demand

A security guard walks past a company logo at the headquarters of the world's largest semiconductor maker TSMC (AFP)
A security guard walks past a company logo at the headquarters of the world's largest semiconductor maker TSMC (AFP)
 1 min read . Updated: 01 Apr 2021, 10:18 AM IST Reuters

Taiwan Semiconductor Manufacturing Co Ltd is the world's largest contract chip manufacturer with clients including Apple Inc and Qualcomm Inc

TSMC said on Thursday it plans to invest $100 billion over the next three to increase capacity at its chipmaking plants, days after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity.

Taiwan Semiconductor Manufacturing Co Ltd is the world's largest contract chip manufacturer with clients including Apple Inc and Qualcomm Inc.

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"We are entering a period of higher growth as the multiyear megatrends of 5G and high-performance computing are expected to fuel strong demand for our semiconductor technologies in the next several years," the company said in a statement to Reuters.

"In addition, the Covid-19 pandemic also accelerates digitalization in every aspect," it said.


This story has been published from a wire agency feed without modifications to the text.

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