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Taiwan's TSMC to invest $2.9 billion in new plant as demand for AI chips soars | CNN Business

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TSMC, the world’s largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars to build an advanced chip plant in Taiwan

Last week, CEO C.C. Wei told analysts the company plans to roughly double its capacity for advanced packaging capacity in 2024 compared to 2023, in order to meet “strong demand” for AI chips from its customers, which include Nvidia\n \n and AMD\n \n . Advanced packaging in the semiconductor industry involves using high-tech methods to aggregate components from various wafers in order to create a more powerful computer chip.

is planning to establish an advanced packaging fab in the Tongluo Science Park,” the company told CNN in a statement, referring to fabrication plants — the technical term for semiconductor factories. The science park is located in Miaoli County, south of the firm’s main facilities in Hsinchu, near Taipei.

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