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Contract chipmaker TSMC on Thursday said it plans to invest $ 100 billion over the next three years to increase the capacity of its factories, days after Intel Corp announced a $ 20 billion plan. dollars to expand its advanced chip manufacturing capability.
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Taiwan Semiconductor Manufacturing Co Ltd, whose customers include Apple Inc and Qualcomm Inc, had previously reported a plan to spend $ 25 billion to $ 28 billion this year to develop and produce advanced chips.
The move comes as global companies shy away from a shortage of semiconductor chips that initially forced automakers to cut production, but now hurts manufacturers of smartphones, laptops and even home appliances in the world. a context of increasing demand fueled by a pandemic.
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“We are entering a period of stronger growth as multi-year 5G and high-performance computing megatrends are expected to fuel strong demand for our semiconductor technologies over the next few years,” TSMC said in a statement to Reuters. .
“In addition, the COVID-19 pandemic is also accelerating digitization in all its aspects,” he said.
TSMC shares rose nearly 2% in late-morning trading.
| Teleprinter | security | Last | Change | Change% |
|---|---|---|---|---|
| TSM | TAIWAN SEMICONT MAN. | 118.28 | +3.21 | + 2.79% |
TSMC, like other tech companies, took advantage of the trend of work and home study during the COVID-19 pandemic, as people rushed to buy laptops, tablets and other equipment.
TSMC in May announced plans to build its own $ 12 billion plant in Arizona, an apparent victory for the administration of former US President Donald Trump who was pushing to tackle global tech supply chains from from China.
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Rival Intel announced this month that it will build two new factories on an existing campus in Arizona to manufacture its own chips, but also open them up to outside customers in what is known as a “foundry” business model. the chip industry.
(Reporting by Ben Blanchard in Taipei and Sayantani Ghosh in Singapore; Editing by Shri Navaratnam and Himani Sarkar)
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