• About
  • Advertise
  • Careers
  • Contact
Monday, April 12, 2021
  • Login
WRITE FOR US
Economy.pk
  • World
    • Americas
    • Asia
    • Europe
    • Canada
    • Africa
    • Middle East
    • Oceania
  • Politics
    • International Politics
    • Pakistan Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Sports
  • Education
  • Life & Style
    • Personalities
    • Entertainment
    • Art
    • Fashion
    • History
    • Culture
    • Health
      • Environment
      • Fitness
    • Food
  • Opinions
  • World
    • Americas
    • Asia
    • Europe
    • Canada
    • Africa
    • Middle East
    • Oceania
  • Politics
    • International Politics
    • Pakistan Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Sports
  • Education
  • Life & Style
    • Personalities
    • Entertainment
    • Art
    • Fashion
    • History
    • Culture
    • Health
      • Environment
      • Fitness
    • Food
  • Opinions
Economy.pk

Taiwan’s TSMC to pour $100B into chipmaking

byAleena Arif
2 weeks ago
in Business, Entertainment, New, Technology, World
0
Taiwan's TSMC is poring $100 billion
312
SHARES
515
VIEWS
Share on FacebookShare on Twitter

It was announced on Thursday, Taiwan’s Semiconductor Manufacturing Company, the world’s largest contract chipmaker, that it expects to pour $100 billion into advanced chips over the next three years to keep up with rising demand.

The company said in a statement, the investment is a massive increase over the $25 billion to $28 billion that TSMC (TSM) planned to spend to make advanced chips this year. “In order to keep up with demand,” TSMC expects to use the funds to “increase capacity to support the manufacturing and [research and development] of advanced semiconductor technologies.”

The company has said previously that industry “megatrends,” like 5G and high performance computing, will fuel strong demand for semiconductor technology over the next several years. And it added Thursday that the Covid-19 pandemic “accelerates the digitalization in every aspect.”

On Thursday, Shares of TSMC climbed more than 2% in Taipei.

Global chipmaking giants are racing to expand chip fabrication capacity to meet strong demand as a worldwide chip shortage has hampered industries ranging from autos to video games. 

Tags: ChipChipmakerGlobalSemiconductorSharesTaiwanTSMC
Aleena Arif

Aleena Arif

Next Post
Super Mario fans panic

Super Mario Bros: Is this the end of Mario?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recommended

Merium Pervaiz Launches Merium Pervaiz Cosmetics

Merium Pervaiz Launches Merium Pervaiz Cosmetics

Appzone

Africa’s Fintech Appzone upraises $10M

RoboTaxi

Cruise in talks to launch RoboTaxi services in Dubai

e-passports

Sheikh Rashid claims e-passports to be launched by June

Administrative Zone

South Punjab to be separate Administrative Zone: PM Imran

Mobile Lungar

Buzdar initiates Mobile Lungar project in Lahore, Faisalabad

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Twitter

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

© 2020 All Rights Reserved Economy.pk

  • Finance
  • Politics
  • Business
    • Technology
    • Real Estate
    • Entrepreneurship
  • Life & Style
    • Personalities
  • Sponsored

© 2020 All Rights Reserved Economy.pk

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In