Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
TSMC Approves $3bn Capex
TSMC’s board has passed a resolution to “approve appropriations of US$3,054.7 million for expansion of advanced capacity, conversion of certain logic capacity to specialty technologies, building and facility installation as well as capacity setup for advanced packaging and assembly, and fourth quarter 2014 R&D capital appropriations and sustaining capital appropriations.”
If this is new capex spend, which it looks like, then it will take TSMC’s capex to $13 billion this year ahead of the $11.5 billion being spent by Samsung and the $11 billion being spent by Intel.
TSMC is said to be booked out and there have been many reports that TSMC’s customers have been looking to rival foundries GloFo, SMIC, UMC and Samsung for wafers,