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Top related persons:
TSMC - 2 C.C - 2 Wei - 2 chipmaker - 1 Sarah Wu - 1 Yimou Lee - 1 Kim Coghill - 1 Jamie Freed - 1
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Taiwan TAIPEI Miaoli Hong Kong Miaoli County Hsinchu Taipei TSMC
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Apple - 2 Nvidia Corp - 1 Devices - 1 Thomson - 1 Hong Kong CNN - 1 Nvidia - 1 AMD - 1 CNN - 1

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2 mentions found


☆ Driven by AI boom, TSMC to invest $2.9 bln in advanced chip plant in Taiwan
  + stars: | 2023-07-25 | by ( Sarah Wu Yimou Lee | Sarah Wu | Yimou Lee | ) www.reuters.com   time to read: +2 min
TAIPEI, July 25 (Reuters) - Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC (2330.TW) 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 the Tongluo Science Park," the company said in a statement. For advanced packaging, especially TSMC's chip on wafer on substrate (CoWoS), capacity is "very tight," Wei said after the company reported a 23% fall in second-quarter profit. Even as the leading Apple (AAPL.O) supplier ramps up its expansion abroad, it plans to keep its most advanced chip technology in Taiwan, a global powerhouse in manufacturing semiconductors that power everything from smartphones to electric vehicles. ($1 = 31.3230 Taiwan dollars)Reporting by Sarah Wu and Yimou Lee; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: TSMC, C.C, Wei, chipmaker, Sarah Wu, Yimou Lee, Kim Coghill, Jamie Freed Organizations: Nvidia Corp, Devices, Apple, Thomson Locations: TAIPEI, Taiwan, Miaoli
☆ Taiwan TSMC: Plans to invest $2.9 billion in new plant as demand for AI chips soars
  + stars: | 2023-07-25 | by ( Juliana Liu | ) edition.cnn.com   time to read: +1 min
Hong Kong CNN —TSMC, the world’s largest chipmaker, says it plans to invest nearly 90 billion New Taiwan dollars ($2.9 billion) to build an advanced chip plant in Taiwan, as it expands production to meet booming demand for artificial intelligence (AI) products. 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 (NVDA) and AMD (DOX). 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. That’s the kind of AI underlying ChatGPT, Google (GOOGL)’s Bard, Dall-E and many of the other new AI technologies. TSMC is considered a national treasure in Taiwan, supplying semiconductors to global tech giants including Apple (AAPL) and Qualcomm (QCOM).
Persons: Hong Kong CNN — TSMC, C.C, Wei, “, TSMC, Dall Organizations: Hong Kong CNN, Nvidia, AMD, CNN, TSMC, Google, Apple, Qualcomm Locations: Hong Kong, Taiwan, Miaoli County, Hsinchu, Taipei, TSMC
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