TSMC’s board of directors approved a fund allocation plan for building factories and expanding production capacity

TSMC, which is at the forefront of the industry in terms of chip process technology, currently has a large number of orders and its production capacity is relatively tight.

They are also building more advanced factories and expanding production capacity to meet the strong demand. demand.

According to information, at a recent meeting of the board of directors, they approved a fund allocation plan for building factories and expanding production capacity.

Judging from the news published on TSMC’s official website, the board of directors approved the disbursement of US$11.795 billion, which is lower than the US$15.1 billion approved in November last year.

The nearly US$11.8 billion allocated by the TSMC’s board of directors has five purposes, namely, fab construction and fab equipment system installation, installation, and upgrade of advanced process equipment.

Installation of mature and dedicated process equipment, and advanced Installation and upgrade of packaging equipment, R&D expenditure, and continuous capital expenditure in the second quarter.

Although TSMC’s board of directors has approved nearly $11.8 billion in funding, this is less than half of their estimated capital expenditures this year. In the financial report for the fourth quarter of last year launched on January 14, TSMC’s management predicted that this year’s capital expenditure would be between US$25 billion and US$28 billion.

(Source)