Driven by AI boom, TSMC to invest $2.9 billion in advanced chip plant in Taiwan

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Driven by AI boom, TSMC to invest $2.9 billion in advanced chip plant in Taiwan
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TAIPEI :Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC plans to invest nearly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company said on Tuesday. 'To meet market needs, TSMC is planning to establish an advanced packaging fab in th

TAIPEI :Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC plans to invest nearly T$90 billion in an advanced packaging facility in northern Taiwan, the company said on Tuesday.

CEO C.C. Wei said last week that TSMC is unable to fulfil customer demand driven by the AI boom and plans to roughly double its capacity for advanced packaging - which involves placing multiple chips into a single device, lowering the added cost of more powerful computing. "We are increasing our capacity as quickly as possible. We expect this tightening will be released next year, probably towards the end of next year."

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