Friday, 24 March, 2023

TSMC to invest $44B to increase manufacturing capacity in 2022

<p>Chip manufacturer TSMC plans to spend $44B to increase manufacturing capacity in 2022, up from a previous record of $30B in 2021. Huge demand for chips and chip shortage has helped solidify TSMC&rsquo;s place as one of the largest and most important companies in the world. TSMC expects demand to remain high regardless of the global chip shortage that may or may not persist in 2022. The company expects overall chip manufacturing industry revenue to grow by 20% in 2022.</p>