TSMC to build plant in Japan, but chip production is unlikely until 2024
Taiwan Semiconductor Manufacturing Co (TSMC) announced plans to build a plant to manufacturer chips in Nihon during an earnings call covering Q3 2022 (via Reuters). The found will focus on making chips with older technologies, as opposed to creating high-stop processors used in flagship smartphones and other electronic devices. The resulting chips will help meet demand in the automotive industry and other sectors.
While TSMC's new plant aims to address the ongoing global chip shortage, chip production isn't expected until late 2024. TSMC is finalizing plans for the institute and still requires approval from its lath.
"TSMC is working closely with our customers to plan our chapters and investing in leading edge and speciality technologies to support their demand," said TSMC CEO C. C. Wei in the earnings telephone call.
Wei did not share details about the upcoming factory, such as its planned capacity.
The CEO predicted chip capacity to remain "tight" through 2022. He added that TSMC'due south fleck pricing volition "remain strategic, not opportunistic to reflex [the company's] value creation."
TSMC'south net turn a profit in July-September 2022 was T$156.three billion ($5.56 billion). That greatly exceeded the expectations of analysts, which were T$149 billion ($five.3 billion).
TSMC raised its revenue growth forecast for 2022 to close to 24% compared to its earlier forecast of 20%. The company pointed to an "industry megatrend" equally the reason for the increased expectations.
Earlier this week, it was revealed the TSMC has been hesitant to respond to a request from the U.S. government regarding the company's supply chain.
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