TAIPEI, Nov 9 (Businesshala) – Taiwan Semiconductor Manufacturing Company (2330.TW) (TSMC) said on Tuesday it would set up a new chip factory in the island’s southern city of Kaohsiung, as the world’s largest contract chip maker Bid to boost production. Lack of a global chip.
TSMC, a leading Apple (AAPL.O) supplier, said in a statement that the new chip manufacturing plant will produce advanced 7-nanometer chips as well as mature 28-nanometer semiconductors.
Factory construction will begin in 2022 and production is scheduled for 2024.
The company declined to say how much it plans to spend for the new plant.
Tech powerhouse Taiwan, home of chip makers such as TSMC, has become the focus of efforts to solve a chip shortage that has shut down global auto production lines and affected consumer electronics makers around the world.
Earlier on Tuesday, Japan’s Sony Group (6758.T) said it would invest about $500 million in a joint venture with TSMC that would use its mature 22-nanometer and 28-nanometer technology in Japan for $7 million. Billion chip plant.
TSMC has pledged to spend $100 billion over the next three years to expand chip capacity and is building a $12 billion chip manufacturing plant in the US state of Arizona.