TSMC Invests US$2.8 B to Expand Nanjing Fab for Auto Chips
TSMC announced yesterday to invest US$2.887 billion in expanding its chip fabrication capacity on mature technologies. This is the first time TSMC is making a turn to financially boost the mature manufacturing technologies owing to auto chip shortages.
to reach a monthly capacity of 40 thousand units for the 28nm nodes production to meet automotive chip demands.
According to Liberty Times Net, TSMC emphasized that given the current production capacity, Nanjing fab is the quickest to be able to set up manufacturing capacity and deliver 28nm chips for emergent needs, diminishing the rumor of the investment owing to Taiwan’s recent severe drought.
Auto chip shortages driving decision
Industry sources pointed out the move for fab expansion in Nanjing shows the urgency of the auto chip shortages in the US, so the equipment and machinery needed for the fab expansion would be permitted.
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