DigiTimes TSMC's board has approved plans to invest $1.65 billion into capacity expansion.
The board of directors of Taiwan Semiconductor Manufacturing Company (TSMC) has approved plans to allocate US$1.65 billion, including US$210 million for construction of a new chip plant, to expand capacity in 2010. The budget will make up more than one-third of the foundry's projected capex for 2010.
TSMC said the board approved a budget of about US$1.05 billion to expand advanced process capacity at Fab 12 and Fab 14, and another US$385 million to expand and upgrade eight-inch wafer fab capacity. The plan to build its third 12-inch fab - Fab 15 - at the Central Taiwan Science Park (CTSP) with US$210 million also received the nod from the board.