TSMC plans to ramp up capital spending

COMPETITIVE:The funds are to be used to build capacities for next-generation 10-nanometer technology and also on a China factory, TSMC chairman Morris Chang said

Taipei Times
Date: Jan 15, 2016
By: Lisa Wang / Staff reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it planned to increase capital spending this year to as much as US$10 billion to ensure its technological superiority, after posting another record-breaking annual net profit last year.

The new capital spending budget would represent more than a 23 percent increase from last year’s US$8.1 billion, the firm said.

TSMC, which supplies chips for Apple Inc’s iPhone 6, said that about 70 percent of the capital expenditure would be used to build capacities for next-generation 10-nanometer (nm) technology, while 5 percent is earmarked for its new 16nm production line in China.

Despite simmering competition in 10nm technology, “we intend to begin with a very high market share [of 10nm technology] and we intend not to lose it,” TSMC chairman Morris Chang (張忠謀) said.     [FULL  STORY]

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