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.
PATENTS: MediaTek Inc said it would not comment on ongoing legal cases, but does not expect the legal action by Huawei to affect its business operations Smartphone integrated chips designer MediaTek Inc (聯發科) on Friday said that a lawsuit filed by Chinese smartphone brand Huawei Technologies Co (華為) over alleged patent infringements would have little impact on its operations. In an announcement posted on the Taiwan Stock Exchange, MediaTek said that it would not comment on an ongoing legal case. However, the company said that Huawei’s legal action would have little impact on its operations. MediaTek’s statement came after China-based PRIP Research said on Thursday that Huawei filed a lawsuit with a Chinese district court claiming that MediaTek infringed on its patents. The infringement mentioned in the lawsuit likely involved
Taipei is today suspending work, classes and its US$2.4 trillion stock market as Typhoon Gaemi approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed income trading, statements from its stock and currency exchanges said. Authorities had yesterday issued a warning that the storm could affect people on land and canceled some ship crossings and domestic flights. Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) expects its local chipmaking fabs to maintain normal production, the company said in an e-mailed statement. The main chipmaker for Apple Inc and Nvidia Corp said it has activated routine typhoon alert
GROWTH: TSMC increased its projected revenue growth for this year to more than 25 percent, citing stronger-than-expected demand for AI devices and smartphones The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth this year from 3.29 percent to 3.85 percent, as exports and private investment recovered faster than it predicted three months ago. The Taipei-based think tank also expects that Taiwan would see a 8.19 percent increase in exports this year, better than the 7.55 percent it projected in April, as US technology giants spent more money on artificial intelligence (AI) infrastructure and development. “There will be more AI servers going forward, but it remains to be seen if the momentum would extend to personal computers, smartphones and
Catastrophic computer outages caused by a software update from one company have once again exposed the dangers of global technological dependence on a handful of players, experts said on Friday. A flawed update sent out by the little-known security firm CrowdStrike Holdings Inc brought airlines, TV stations and myriad other aspects of daily life to a standstill. The outages affected companies or individuals that use CrowdStrike on the Microsoft Inc’s Windows platform. When they applied the update, the incompatible software crashed computers into a frozen state known as the “blue screen of death.” “Today CrowdStrike has become a household name, but not in