TSMC Board of Directors approves $ 15.1bn investment in manufacturing and R&D

TSMC Board of Directors approves $ 15.1bn investment in manufacturing and R&D

TSMC, the world’s largest contract manufacturer of semiconductor products, released a report on its board meeting yesterday. It covered five issues.

The Council approved the distribution of dividends and some personnel decisions, but the remaining three items are of greater interest to us. One of them approved a capital allocation of approximately $ 15.1 billion for the following purposes: 1) installation and expansion of production facilities for advanced technologies; 2) installation of special technological facilities; 3) installation and modernization of capacities for packing crystals into cases; 4) construction of a factory, installation of production systems and capitalized leased assets; 5) capital investments in R&D and current capital investments in the first quarter of 2021.

The second item approved a capital allocation of approximately $ 124.7 million for the creation of a waste-free manufacturing center in the Central Taiwan Science Park.

In addition, an investment was approved to create a subsidiary in Arizona, USA, with a capital of $ 3.5 billion. Let us remind you that it is planned to build a production facility in the USA designed for 5 nm norms. The construction of the TSMC factory in Arizona, which was announced in May this year, is expected to begin in 2021. The enterprise should start production in 2024.

TSMC Board of Directors approves $ 15.1bn investment in manufacturing and R&D

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