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
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]