TSMC to invest $100 billion into expanding its fab plants

Taiwan Semiconductor Manufacturing Co. (TSMC) announces $100 billion will be spent over 3 years expanding chip production capacity.

Published Thu, Apr 1 2021 6:19 PM CDT   |   Updated Thu, Apr 29 2021 11:00 PM CDT

TSMC (Taiwan Semiconductor Manufacturing Co.) has just announced it will be spending a mind-boggling $100 billion on expanding its chip fabrication capacity, as we are in dire straits with chip production right now with silicon shortages worldwide.

TSMC to invest $100 billion into expanding its fab plants 05 | TweakTown.com

The company has already got $28 billion invested into its expansions this year to keep up with the next-gen waves of 5nm and 3nm nodes, but this new $100 billion will be used to expand chip production capacity.

TSMC explains: "TSMC expects to invest USD$100b over the next three years to increase capacity to support the manufacturing and R&D of advanced semiconductor technologies. TSMC is working closely with our customers to address their needs in a sustainable manner".

The company has been running things at max for a while now, with TSMC CEO C.C. Wei explaining that their fabs have been "running at over 100% utilization over the past 12 months" and that demand is still far outstripping supply.

So the huge $100,000,000,000 injection over the course of the next 3 years building and expanding fab plants as well as hiring thousands of employees to begin work at TSMC.

Intel recently announced it would be spending $20 billion on 2 new factories in Arizona, USA -- but TSMC is now coming out swinging with $100 billion being spent over the next 3 years, while fab competitor Samsung plans $100 billion over the next 10 years on pushing its semiconductor business.

Buy at Amazon

Sabrent 1TB Rocket 4 Plus NVMe 4.0 Gen4 PCIe M.2 Internal SSD (SB-RKT4P-1TB)

TodayYesterday7 days ago30 days ago
* Prices last scanned on 10/17/2021 at 9:33 am CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:edition.cnn.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles