TSMC is spending $100 billion to grow its chip manufacturing capacityWhat you need to know
TSMC is spending $300 billion over three years to expand its chip manufacturing capacity.
TSMC provides the chips used in Apple products from iPhone to Apple TV and more.
TSMC is working to deal with the growing demand put upon it by companies like Apple.
Apple chip supplier TSMC is set to expand its production capacity by spending a massive $100 billion over the next three years. The company currently provides chips for Apple's devices ranging from iPhone to Apple TV and more. TSMC also manufactures the speedy Apple-designed M1 chip that powers the latest MacBook Air, MacBook Pro, and Mac mini.
First shared by Bloomberg, the news comes as a global chip shortage continues to bite. TSMC says that it needs to spend the money to deal with increased demand in a "sustainable manner".
"TSMC expects to invest USD$100b over the next three years to increase capacity to support the manufacturing and R&D of advanced semiconductor technologies," the company sa...
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TSMC is spending $100 billion to grow its chip manufacturing capacity
