Chipmaker TSMC Allocates 100 Billion to Solve Chip Shortage

The major Taiwanese chip company TSMC, a major supplier to Apple and car manufacturers, will allocate approximately $ 100 billion over the next three years to expand its chip-making capacity.

 

Converted to about 85 billion euros. According to experts, the chipmaker hopes to be able to meet the considerably increasing demand for chips with this staggeringly high amount.

Car builders have recently been struggling with significant chip shortages. As a result, more and more parties are forced to reduce their production. For example, Ford is temporarily halting the production of lucrative pick-up trucks.

Recently, other automakers, including General Motors, Volvo, Nissan and the Fiat-Chrysler and Peugeot merger company, have already made similar announcements.

TSMC had already planned a record investment of $ 28 billion this year. But because the demand for chips is increasing, the market leader is forced to announce even more investments.

According to their own words, the Taiwanese work closely with customers. Thousands of new workers are also being hired, and several new factories are under construction.

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