fbpx
  • About
  • Advertise
  • Contact
Thursday, February 2, 2023
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
Economy.pk
Home Business

Taiwan’s TSMC to pour $100B into chipmaking

bySidra Butt
April 1, 2021
in Business, Entertainment, New, Technology, World
Reading Time: 1 min read
0
Taiwan's TSMC is poring $100 billion
312
SHARES
536
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.”

RelatedPosts

Dollar hits historic high of Rs272 as local currency recedes gains

KP policemen take to streets in uniform against Peshawar suicide bombing

Mohammad Wasim Develops Flashlight which Lights Up from Body Heat

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
Sidra Butt

Sidra Butt

Related Posts

Dollar hits historic high of Rs272 as local currency recedes gains

Dollar hits historic high of Rs272 as local currency recedes gains

After gaining for two hours straight, the rupee fell to a record low versus the dollar on Thursday in the...

KP policemen take to streets in uniform against Peshawar suicide bombing

KP policemen take to streets in uniform against Peshawar suicide bombing

Police in different parts of Khyber Pakhtunkhwa held a protest march to condemn the Monday bombing of a mosque inside a compound...

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 *

Recommended

Dollar hits historic high of Rs272 as local currency recedes gains

Dollar hits historic high of Rs272 as local currency recedes gains

KP policemen take to streets in uniform against Peshawar suicide bombing

KP policemen take to streets in uniform against Peshawar suicide bombing

Mohammad Wasim Develops Flashlight which Lights Up from Body Heat

Mohammad Wasim Develops Flashlight which Lights Up from Body Heat

PM Shehbaz Sharif Calls for Implementing Nationwide Solarization

PM Shehbaz Sharif Calls for Implementing Nationwide Solarization

Railway fares jacked up by eight percent

Railway fares jacked up by eight percent

Sheikh Rashid arrested by Islamabad police in late-night raid

Sheikh Rashid arrested by Islamabad police in late-night raid

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
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

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

© 2023 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In