The Investment Commission yesterday approved a Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) application to invest an additional US$3.5 billion in its Arizona subsidiary to manufactured advanced chips.
The world’s largest contract chipmaker’s board of directors last month approved the funding project after TSMC started moving manufacturing equipment into the fab in December last year in preparation for the production of 4-nanometer chips next year.
TSMC said it has also commenced the second phase of facility construction in Arizona.
Photo: Reuters
The second fab is to produce semiconductors using 3-nanometer technology in 2026. Altogether, TSMC plans to spend US$40 billion on the Arizona fabs, doubling its original investment of US$20 billion.
The US became the fastest-growing overseas investment destination for local enterprises last year, enjoying an annual growth rate of 128.32 percent to US$1.09 billion from 100 projects, the commission said in a statement.
Cloud-based server maker Wiwynn Corp (緯穎科技) plans to invest US$400 million on its US marketing subsidiary Wiwynn International Corp to meet robust demand from the US market, it said.
It approved that investment plan during yesterday’s meeting.
It also approved a plan from Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler, to invest US$500 million indirectly in India to produce iPhones and smartphone components through its Foxconn Singapore Pte Ltd subsidiary.
The company was also granted approval to invest more than US$361 million indirectly in its Mexican subsidiary to make components used in electric vehicles through its Singaporean unit ECMMS Precision Singapore Pte Ltd, the commission said.
PharmaEssentia Corp (藥華醫藥) received permission to invest US$80 million in its Japanese subsidiary and US$200 million in a US subsidiary, as the company prepares to sell new drugs in the countries, it said.
The commission also approved Yunlin Holding GmbH’s plan to invest NT$29.23 billion (US$962.4 million) in offshore wind energy developer Yunneng Wind Power Co (允能), a subsidiary of Skyborn Renewable Taiwan Co (天豐新能源), to improve its financial structure.
The company is developing an offshore wind power project off Taiwan’s west coast, which is to comprise 80 wind turbine generators with a total capacity of 640 megawatts rated power.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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