TSMC Board Gives Stamp of Approval on $1.65 Billion Expansion Budget
According to reports, the board of directors of Taiwan Semiconductor Manufacturing Company (TSMC) has green lighted the company's request to allocate $1.65 billion to expand capacity in 2010.
Some $210 million of that budget will be used to construct a new chip plant, while $385 million will go towards expanding and upgrading eight-inch wafer fab capacity. The rest will be used to expand advanced process capacity at Fab 12 and Fab 14, TSMC says.
TSMC is the world's largest dedicated semiconductor foundry and operates a 150mm wafer fab, five 200mm wafer fabs, and two 300mm wafer "gigafabs," which produce 130nm and smaller chips. With the massive budget approval, TSMC is obviously confident about the semiconductor market and economic outlook.