Taiwan News
Date: 2020/06/26
By: Central News Agency
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, saw its spending in research and development hitting a new high of almost US$3 billion in 2019, allowing the company to maintain its lead in production technology over its peers.
According to TSMC's 2019 corporate social responsibility report, the chipmaker spent US$2.96 billion on R&D, up 4 percent from a year earlier, with the number of its R&D workforce up 5 percent at 6,534.
The spending accounted for about 8.5 percent of TSMC's total sales in 2019, as the company had anticipated. The chipmaker has said it expects that its R&D spending will make up 8.5 percent of its annual revenue until 2030. [FULL STORY]