TSMC bumps spending up 50% to meet increased demand

TSMC's headquarters, seen here, are in Hsinchu, Taiwan—but the company is expanding worldwide, with a $12 billion fab due to open near Intel's own facilities in Arizona.

Enlarge / TSMC’s headquarters, seen here, are in Hsinchu, Taiwan—but the company is expanding worldwide, with a $12 billion fab due to open near Intel’s own facilities in Arizona. (credit: Sam Yeh via Getty Images)

Earlier this week, chipmaker TSMC—Taiwan Semiconductor Manufacturing Company, who manufactures processors for Apple, Qualcomm, and AMD, among many other industry giants—announced a serious increase in spending on both facilities and research.

The total investment is roughly $100 billion total, projected over the next three years at $30 billion plus each year. This represents a roughly 43% increase over 2020’s $17.2 billion capital expenditure and $3.72 billion spent on research and development.

The capital investment will in part go to several new facilities:

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