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TSMC to build plant in Japan, but chip production is unlikely until 2024

Taiwan Semiconductor Manufacturing Co (TSMC) announced plans to build a institute to manufacturer fries in Japan during an earnings call covering Q3 2022 (via Reuters). The plant will focus on making fries with older technologies, as opposed to creating high-end processors used in flagship smartphones and other electronic devices. The resulting chips volition assistance meet demand in the automotive industry and other sectors.

While TSMC's new plant aims to address the ongoing global fleck shortage, chip production isn't expected until late 2024. TSMC is finalizing plans for the plant and all the same requires approving from its lath.

"TSMC is working closely with our customers to programme our capacity 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 non share details about the upcoming factory, such as its planned capacity.

The CEO predicted fleck capacity to remain "tight" through 2022. He added that TSMC's scrap pricing will "remain strategic, not opportunistic to reflex [the company'south] value cosmos."

TSMC's cyberspace 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 ($5.three billion).

TSMC raised its revenue growth forecast for 2022 to close to 24% compared to its earlier forecast of 20%. The visitor pointed to an "industry megatrend" as the reason for the increased expectations.

Earlier this week, it was revealed the TSMC has been hesitant to respond to a asking from the U.S. government regarding the company'due south supply chain.

Source: https://www.windowscentral.com/tsmc-build-plant-japan-chip-production-unlikely-until-2024

Posted by: calderaconere.blogspot.com

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