News
TSMC plans to invest $ 100 billion in expansion of production
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) today announced that it plans to invest $ 100 billion over the next three years to expand its semiconductor production. The announcement came a week after Intel presented its $ 20 billion investment plan in this area.
“We are entering a period of higher growth as the multi-year 5G and HPC megatrends are expected to drive strong demand for our semiconductor technology over the next few years,” TSMC said in a statement.
“In addition, the COVID-19 pandemic is also accelerating digitalization in all aspects,” the manufacturer adds.
Recall that TSMC is the world’s largest contract manufacturer of semiconductor products. Its clients include such giants as Apple and Qualcomm. Recently it became known that Intel will order the release of its processors from TSMC.
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