Jul 25, 2023

TSMC to invest $2.9 billion in advanced chip packaging plant in Taiwan

Posted by in category: robotics/AI

Taiwan Semiconductor Manufacturing Company plans to invest nearly $90 billion New Taiwan dollars (about $2.87 billion) in an advanced chip packaging plant in Taiwan, the company told CNBC on Tuesday.

It comes as global chipmakers seek to capitalize on the artificial intelligence boom. TSMC acknowledged last week that there is a strong demand for AI chips.

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