The New Paper

April 2, 2021

TSMC announces $100B production expansion

Taiwanese chipmaker TSMC announced plans to invest $100B over the next three years to increase production capacity. The announcement comes amid a global semiconductor shortage and follows similar plans announced by Intel last month (which plans to invest $20B in manufacturing facilities). 

Extra: TSMC is among the largest chipmakers in the world and counts Apple and Qualcomm as customers.
This story is from the April 2, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.