TSMC plans record investment in chip manufacturing expansion
2022-01-13
Chip-manufacturing company TSMC reported a record Q4, with a 16.4% rise in profit. The company expects record chip demand in the coming years and is going ahead with its 2021 plan for a $100b expansion of its facilities.
TSMC has earmarked $40-$44b in 2022 order for increasing its manufacturing capabilities - that"s up from $30b in 2021. TSMC is the largest chip manufacturer in the world and is the main manufacturer for Apple and Qualcomm, among others.
Image credit: WikipediaTSMC expects a "multi-year industry megatrend" for strong chip demand, boosted by technologies such as AI and 5G, and the need for high-speed silicon in smartphones, computers, cars, and all sorts of machines.
