TSMC, US Arizona semiconductor facility 25 trillion won investment board approved
A view of the TSMC plant in Phoenix, Arizona, USA. [Photo = TSMC Arizona homepage capture]
According to industry sources on the 12th (local time), TSMC announced that it held a board meeting in Arizona, its U.S. production base, and approved capital expenditures amounting to 24.913 trillion won (17.1414 billion dollars).
Capital expenditure refers to the cost of investment made by a company to secure and maintain long-term assets.
According to the industry, TSMC has established a long-term production capacity plan based on market demand forecasts and technology development roadmaps this year.
TSMC's first Arizona plant in the U.S. has been mass producing semiconductors since the first quarter of this year. The company plans to mass produce 3nm chips at its second Arizona plant starting in the second half of 2027 and build a third plant by 2030.
TSMC's board of directors announced that it has approved the expenditure of the amount for ▲installation and upgrade of advanced technology capacity ▲installation and upgrade of advanced packaging ▲special technology capabilities ▲construction of fab (FAB) and installation of fab facility systems.
In its earnings announcement in mid-January, TSMC said that its capital expenditure this year would be between 55 trillion won and 61 trillion won. This is an increase of up to 40% compared to the same period last year.
The board of directors also approved last year's business report and financial statements. TSMC's annual net sales last year were approximately 128.934 trillion won.
It has also been reported that it has approved the promotion of Chen, senior director of TSMC's human resources (HR) department, to vice president.
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