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TSMC to invest up to $44 billion in 2022 to beef up chip production

TSMC said Thursday that it has set this year’s capital expenditure budget at $40 billion to $44 billion, a record high, compared with last year’s $30 billion (Photo: AFP) — TSMC said Thursday that it has set this year’s capital expenditure budget at $40 billion to $44 billion, a record high, compared with last year’s $30 billion **(Photo: AFP)**

3 min read . Updated: 13 Jan 2022, 05:57 PM IST Yang Jie, The Wall Street Journal

From cars to data centers, robust demand for semiconductors will help keep TSMC growing, CEO says

TOKYO : Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, said it would increase its investment to boost production capacity by up to 47% this year from a year earlier as demand continues to surge amid a global chip crunch.