TSMC invests over $9.4billion in new plant
Taiwan Semiconductor Manufacturing Company is to invest over $9.4billion in a new plant in Taiwan over the next few years. The investment is being made to tap global chip industry growth and will create around 8000 jobs.
According to TSMC's chairman and chief executive, Morris Chang, the third 12in wafer fabrication facility will use advanced 40 and 28nm technologies in phase one. "This marks the beginning of a new growth era," Chang said at a ceremony for the new plant in Taichung, central Taiwan.
The company's total monthly output of 12in wafers would rise to 240,000 units by end of this year from 200,000, according to a TSMC statement.
TSMC's new facility is set to begin mass production in the first phase in the March quarter of 2012 and the company plans to build a solar cell R&D centre in the new facility.
