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

Apple Supplier TSMC Says Worldwide Chip Shortage Will Continue in 2022

Taiwan Semiconductor Manufacturing Co (TSMC) said on Thursday it is doing all it can to increase productivity and alleviate a worldwide chip shortage, but that tight supplies will likely continue into next year. The world’s biggest contract chipmaker said it is expanding capacity and working to keep pricing reasonable. “We have acquired land and equipment, … Read more