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TSMC to invest $100B to scale up chip manufacturing and development through 2023
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Amid a global chip shortage, Taiwan Semiconductor Manufacturing Co. Ltd. has announced plans to invest $100 billion over three years to expand its production capacity.
TSMC detailed the plan in a letter to clients that was obtained by Bloomberg late Wednesday. According to the letter, TSMC, the world’s leading maker of chips for other companies, will spend the $100 billion allocated for the initiative on two main items: scaling up its manufacturing operations and funding the development of new chip technologies.
Discussing the current state of its manufacturing operations, the company reportedly told clients that its chip plants have been operating at “over 100% utilization” amid surging orders. To address the demand, TSMC said it will build multiple new semiconductor plants around the globe. It intends to hire thousands of new workers to support t ....

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