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2021-04-01

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TSMC to Spend $100 Billion Over Three Years to Grow Capacity

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next thre

TSMC to Spend $100 Billion Over Three Years to Grow Capacity

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Now at the center of a global chip supply crunch, Taiwan’s biggest company has pledged to work with customers across industries to overcome a deluge of demand.</p><p>“TSMC expects to invest USD$100b over the next three years to increase capacity to support the manufacturing and R&amp;D of advanced semiconductor technologies,” the company said in a statement responding to local media reports. “TSMC is working closely with our customers to address their needs in a sustainable manner.”</p><p>Carmakers have been hit particularly hard by the chip shortages, with estimates for lost revenue of more than $60 billion. Ford Motor Co. just said it would temporarily suspend production at two plants that make its best-selling F-150 pickup as the global semiconductor shortage worsens. F-Series trucks are Ford’s biggest moneymakers and any lost production has a direct impact on the bottom line.</p><p>U.S. rival Intel Corp. in March announced plans to directly compete with TSMC for the business of manufacturing chips for other companies, with a $20 billion investment in two new factories in Arizona. 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TSMC to Spend $100 Billion Over Three Years to Grow Capacity

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