TSMC Bullish on Outlook

Does Morris Chang have a crystal ball?

The chairman and chief executive of Taiwan Semiconductor Manufacturing, the world’s biggest contract chip maker, seems to be quite confident about the chip industry’s outlook.

The company is spending more than $9.34 billion over the next few years to invest in a new chip plant in central Taiwan to boost capacity and hire around 8,000 staff at the new plant.

TSMC is investing in a new high-output chip plant, or “giga fab,” dubbed Fab 15, that’s able to produce more than 100,000 wafers a month. It expects the new plant to generate annual revenue of $5 billion when it reaches full capacity. Once fully ramped up, TSMC will have three of these advanced facilities.

“The new giga fab marks our next phase of growth. It will provide our customers with advanced technology and ample capacity,” Mr. Chang said last week at a groundbreaking ceremony for the new facility.

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