01 Apr 2021 04:58PMTAIPEI: Taiwan Semiconductor Manufacturing Company said on Thursday it was planning to invest US$100 billion over the next three years to meet soaring demand as a global shortage of chips hits the auto and other industries.
TSMC, the world's largest contract microchip maker, said its new investment plans will increase capacity to keep up with demand. It did not specify where the new foundries would be built."We are entering a period of higher growth as the multiyear megatrends of 5G and High Performance Computing are expected to fuel strong demand for our semiconductor technologies in the next several years," it said in a statement.
Shortages also appear to be spreading to a wide range of electronic items, including smartphones, games consoles, tablets and laptops.