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wrote a post05/20/2022 17:21

TSMC plans to build chip manufacturing plant in Singapore.

$Taiwan Semiconductor(TSM.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$ TSMC is considering building a chip manufacturing plant in Singapore due to a global shortage of semiconductor supply.However, the company added that the Singapore government will probably help with the construction of the plant, and the company is in discussions with Singapore's Economic Development Board.

TSMC, which produces chips for customers such as $Apple(AAPL.US)$ , $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ , had previously said it would spend up to $44 billion in capital expenditures this year to help combat a severe global chip shortage.

According to media reports, TSMC is considering producing chips at this new plant at 7 to 28 nanometers, TSMC's last-generation chip process, which produces products mainly for cars, smartphones and other consumer electronics.

TSMC has recently been working to expand its global footprint, including plans to build a new factory in the United States in Arizona in the future, after the company also plans to build a factory in Japan in the future. In the last week, TSMC has begun to notify some customers, starting next year to raise foundry prices by 5 percent to 9 percent.
TSMC plans to build chip manufacturing plant in Singapore.
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