Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) 12-inch wafer fab in Nanjing, China, is likely to start shipping to its customers in May, company co-chief executive officer Mark Liu (劉德音) told the chipmaker’s annual supply chain management forum on Thursday.
The timetable is about six months earlier than scheduled and indicative of the company’s leading status in the global contract chipmaking industry, as well as its ambition to seek a bigger share in the Chinese market.
TSMC broke ground for construction of the Nanjing plant in July last year and had scheduled mass production for the second half of next year.
The company has earmarked a budget of US$3 billion for the plant, dubbed Fab 16, along with a new design service center.
When construction is completed, it is to be the first factory in China capable of producing 16 nanometer (nm) chips and could help TSMC secure more orders as demand remains strong.
During the forum, Liu said TSMC has seen a wide range of applications in the development of artificial intelligence and 5G wireless technology since the company started pushing for four major growth segments — mobile, high-performance computing, automotive and Internet of Things platforms — two years ago.
To meet rising demand from chip designers and electronic companies for advanced semiconductors, TSMC is expected to start mass production of its 7nm chips next year, Liu said, adding that the firm is in talks with more than 40 customers for 7nm technology.
The company’s Fab 12 in the Hsinchu Science Park (新竹科學園區) and Fab 15 in the Central Taiwan Science Park (中部科學園區) will be the major production bases for 7nm chips, he said.
On Friday, TSMC said in a statement that revenue last month rose 0.1 percent year-on-year to NT$93.16 billion (US$3.1 billion), down 1.4 percent from October. In the first 11 months, cumulative revenue totaled NT$877.55 billion, up 2 percent from the same period last year, the company said.
Meanwhile, United Microelectronics Corp (UMC, 聯電), the nation’s second-largest contract chipmaker, on Friday reported revenue of NT$12.15 billion for last month, down 5.89 percent year-on-year and nearly 12 percent month-on-month, with January-to-November revenue rising 2.44 percent from a year ago to NT$138.62 billion.
Additional reporting by Lisa Wang
Dutch brewing company Heineken NV yesterday said that it has reached an agreement to acquire a subsidiary brewery of Taiwan’s Sanyo Whisbih Group (三洋維士比集團). Heineken is to assume majority ownership and management rights of the Long Chuan Zuan Co (龍泉鑽興業) brewery in Pingtung County’s Neipu Township (內埔), the Dutch company said. It would become the first multinational brewing company to operate brewery in Taiwan once the acquisition is completed. The deal has been approved by the Ministry of Economic Affairs’ Investment Commission, but details of the financial transaction cannot be disclosed at this time, as terms of the settlement have not been completed,
Had Audrey Hepburn and Gregory Peck hopped on an electric scooter rather than a Vespa in the classic film Roman Holiday, their spin around the Eternal City might have ended in tears. The number of crashes and near-misses involving the two-wheelers has prompted Rome authorities to impose some order on a booming rental market that began two years ago. The havoc came to a head earlier this month when two US tourists attempted a night-time drive down the Spanish Steps, causing more than 25,000 euros (US$26,392) worth of damage to the 18th-century monument. Caught on security footage, the couple in their late 20s
LOOK WHO OWES: China’s exposure to Taiwanese banks was the second-largest, with Luxembourg third, followed by Hong Kong and Japan, the central bank said The US remained the largest debtor country to Taiwan’s banking sector for a 27th consecutive quarter in the first quarter of this year, with its exposure rising 8.3 percent from a quarter earlier on the back of an increase in US bonds, the central bank said on Friday. Data compiled by the central bank showed that outstanding international claims by Taiwanese banks on a direct risk basis to the US stood at US$125.38 billion as of the end of March. Department of Financial Inspection deputy head Pan Ya-hui (潘雅慧) said that the US Federal Reserve’s launch of a rate hike cycle in
GREEN CITY: The company is set to invest US$8 billion to make electric vehicles and batteries for a new city that would rely entirely on renewable energy sources Indonesia said that Hon Hai Precision Industry Co (鴻海精密) is considering investing in the country’s new capital city, a move that would bolster the US$34 billion construction project. Hon Hai, which is known as Foxconn Technology Group (富士康科技集團), is looking at setting up an electric bus system and an Internet of Things network at Nusantara, as Indonesia’s new capital is to be called, Indonesian Minister of Investment Bahlil Lahadalia said in a statement yesterday. Hon Hai chairman Young Liu (劉揚偉) met with Indonesian President Joko Widodo on Saturday to discuss the company’s plan to invest US$8 billion to build a manufacturing plant