The TSMC logo is painted on January 19, 2021 at its headquarters in New State, Taiwan. (AnnWang / Reuters File Photo)
Taipei-Taiwan TSMC announced on Tuesday that it will set up a new chip factory in Kaohsiung, the southern part of the island, as the world’s largest contract chip maker bids to increase production amid a global chip shortage.
In a statement, Apple’s leading supplier TSMC said the new chip manufacturing plant will produce advanced 7-nanometer chips and mature 28-nanometer semiconductors.
Construction of the factory will begin in 2022 and production is scheduled for 2024.
The company didn’t say how much it would spend on the new plant.
Taiwan, a high-tech powerhouse home to chip makers like TSMC, is at the center of efforts to close global car production lines and solve the chip shortages that have affected consumer electronics manufacturers around the world.
Earlier on Tuesday, Japan’s Sony Group will invest about $ 500 million in a joint venture with TSMC to build a $ 7 billion chip factory in Japan using mature 22-nanometer and 28-nanometer technologies. Announced.
TSMC has promised to spend $ 100 billion over the next three years to expand chip capacity and is building a $ 12 billion chip manufacturing plant in Arizona, USA.
By Yimou Lee