- TSMC chairman Mark Liu told an annual shareholder meeting that the company is currently doing reviews on Germany seriously, but it’s still in very early stages
- TSMC announced this year plans to invest $100 billion over the next three years to increase capacity
As per a report by Reuters, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said that it was too early to say whether it will build factories in Germany and that talks were in early stages. The report added that TSMC chairman Mark Liu told an annual shareholder meeting that the company is currently doing reviews on Germany seriously, but it’s still in very early stages. He added that the company will continue to communicate with their major clients in Germany to see whether this is most important and effective for the clients.
The report said that TSMC had mentioned in July plans to build new factories in the United States and Japan amid concern over the concentration of chipmaking capability in Taiwan. On TSMC’s $12 billion factory in the U.S. state of Arizona, Liu said the expansion would support client demand, especially in infrastructure and national security.
Liu added that clients are the backing of the company’s global expansion. The company will move very cautiously. TSMC announced this year plans to invest $100 billion over the next three years to increase capacity.
