TSMC to increase chip production with US$2.4bn investment
Will also build a new fab
Chip manufacturer Taiwan Semiconductor Manufacturing Co (TSMC) has approved capital expenditure of US$2.4bn to ‘expand and upgrade’ production of its most advanced process 28nm chips.
The firm’s board of directors has also granted permission to build a new fab with funding of approximately $379m.
No details have been revealed about when construction will begin.
TSMC’s consolidated net sales for July 2012 increased by 37% compared with July 2011.
TSMC previously announced that Phases 4 and 5 of its Fab 12 facility in Hsinchu and Phases 3 and 4 of its Fab 14 Facility in Tainan have received ISO 50001 Energy Management System certification.
Fab 12 and Fab 14 are key plants for TSMC’s advanced process technologies. The firm estimates that Fab 12, Phases 4 and 5 and Fab 15, Phases 3 and 4 will conserve 50 million kW-hours of electricity and eliminate 30,000 tons of carbon emissions a year in 2012 following adoption of ISO 50001 standards.