Taiwan, Taiwan (AP) – Taiwan Semiconductor Manufacturing Co., a major maker of computer chips, plans to invest $ 100 billion over the next three years to expand its production capacity, research and development.
TSMC, the world’s largest contractor for semiconductors, said it forecasts faster growth due to long-term trends such as the introduction of next-generation telecommunications and high-quality calculations. At the same time, the coronavirus epidemic is increasing the demand for electronic devices as the world relies on digitalization.
“TSMC works closely with our customers to meet their needs on a sustainable basis,” the company said in a statement. It does not elaborate on the planned investments.
TSMC manufactures processor chips for major brands such as Apple Inc. and Qualcomm Inc. Operating demand in January-February increased its revenue by 18% over the previous year.
Intel, South Korea’s Samsung Electronics and other chipmakers are also boosting investment to meet demand to meet the market share of leading semiconductors.
Most semiconductors used in smartphones, medical devices, computers, and other products are made in Taiwan, South Korea, and China.
Intel announced last week that it plans to invest $ 20 billion to expand production by building two new plants in Arizona. The company is building its own casting business, but lags behind TSMC in developing the next generation of chips.
TSMC operates a semiconductor waffle facility in Kamas, Washington, DC, design centers in San Jose, California, Austin, Texas.
It said it plans to invest $ 3.5 billion in the second-largest U.S. manufacturing facility in northern Phoenix, Arizona, as concerns about high-tech components grow due to Americans’ heavy reliance on Asian sources.