Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chip maker, yesterday said it planned to spend more than NT$300 billion (US$9.34 billion) over the next few years to invest in a new chip plant in Taichung, which would create 8,000 jobs.
The company yesterday held a groundbreaking ceremony for the new semiconductor fabrication plant, or “Fab 15,” in Taichung, which was conducted by chairman and CEO Morris Chang (張忠謀).
The new facility will incorporate solar power and LED lighting with a goal of zero greenhouse gas emissions, Chang said.
Fab 15 is set to create the 8,000 jobs as TSMC seeks to hire talented workers to run the fab, Chang said in a statement.
Mark Liu (劉德音), senior vice president of operations, told Bloomberg Newswires before yesterday’s ceremony that the company expects to hire up to 4,000 engineers at the site.
The factory will be TSMC’s third so-called “gigafab,” or fab with production capacity of more than 100,000 12-inch wafers per month.
It will also be the company’s second Gigafab equipped for 28-nanometer technology, the company said in the statement.
Construction of the new fab will be divided into four phases — with the first phase to start in June next year. The total investment for the fab would exceed NT$300 billion, the company said.
The fab is expected to start churning out 40nm and 28nm technology products for customers in the first quarter of 2012. More advanced process nodes will follow, it added.
The chipmaker also said yesterday that it would continue to expand capacity at its Fab 12 in Hsinchu and Fab 14 in Tainan.
“Combined capacity of Fab 12 and Fab 14 currently exceeds 200,000 12-inch wafers per month, and the total number will exceed 240,000 by the end of this year,” the statement read.
TSMC, whose clients include Qualcomm Inc and Nvidia Corp, is expanding quickly after posting record sales last quarter amid soaring global demand for computers and digital electronics.
Chang said last month the company was likely to increase capital spending again from a record high of US$4.8 billion to match the pace of a faster-than-expected recovery in electronics demand.
TSMC started increasing capital expenditures in September when it detected that a swift rebound was causing capacity constraints, bringing last year’s capital spending to US$2.7 billion in total, almost double the originally planned US$1.5 billion.
“TSMC is building out capacity now which will be yet another drag on margins over the near-term,” Bank of America Merrill Lynch said in a research note on July 12.
While the Taichung fab would focus on solar business, TSMC is also building its first LED fab in Hsinchu and expects it to be ready for mass production in the first quarter of next year, the note said.
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
A Chinese factory owned by South Korean semiconductor giant SK Hynix Inc yesterday halted operations after a plant worker was found to have an asymptomatic infection of COVID-19, Xinhua news agency reported. The South Korean worker based at the plant in Chongqing since February had departed on Thursday for South Korea, Xinhua reported. He was tested at Incheon Airport in Seoul and confirmed positive for COVID-19 on Saturday, it reported. All factory staff as well as staff and recent guests at the hotel where the worker lived have been isolated and given nucleic acid tests, the agency said. “We’re cooperating with the local government
FIVE NEW FABS: An acquisition of Siltronic would boost GlobalWafers’ market share from 17 to 30 percent, easily surpassing Japanese rival Sumco’s 25 percent GlobalWafers Inc (環球晶圓) yesterday said it is in final talks to acquire Germany-based Siltronic AG in a 3.75 billion euro (US$4.5 billion) deal, which might help it compete with its closest rival Sumco Corp of Japan. The acquisition would be the fifth for GlobalWafers since 2008, as it has grown to become the world’s No. 3 supplier of silicon wafers through such deals. GlobalWafers, which has a 17 percent market share, would see its market position greatly elevated to 30 percent when combined with Siltronic’s 13 percent, according to a presentation Siltronic gave to its investors at a quarterly conference in August. Sumco
A year of crisis for the lira has kept people in Turkey buying gold at a record pace. Now the appetite for more bullion risks becoming a drag on the currency just as a rally struggles to regain momentum. In the two weeks after Turkish President Recep Tayyip Erdogan cleared out the leadership ranks blamed for failing to stabilize the lira and draining reserves, Turkish retail investors and firms added US$2.2 billion to their gold holdings, taking them to US$36.4 billion, or almost triple the total last year, Turkish central bank data showed. People are not relenting in their zeal to own