TSMC Approves $2.8 Billion for Capacity Expansion Amid Global Chip Shortage

TSMC board has approved $2.89 billion (roughly Rs. 21,690 crores) in spending to increase capacity, the company said, responding to a global chip shortage that has affected carmakers in particular. In a brief statement, the world’s largest contract chipmaker said its board had approved the spending “for the purpose of installing mature technology capacity”. It … Read more