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TSMC reportedly planning to build a chip plant in Singapore

By Cookie Monster - on 20 May 2022, 12:00am

TSMC reportedly planning to build a chip plant in Singapore

Image source: MacRumours

TSMC is reportedly planning to build a chip plant in Singapore.

People familiar with the matter told The Wall Street Journal that TSMC is considering to build a chip plant in Singapore to tackle the global chip shortage. The chip plant could cost billions of dollars to build and the Singapore government may step in to fund the development.

Negotiations are reportedly underway and a final decision has not been made. TSMC plans to manufacture 7 to 28nm chips at the plant in Singapore, which would help free up production capacity at other factories to build the more advanced chips. 

The global chip shortage may last into 2024 according to Intel CEO Pat Gelsinger. The lack of key manufacturing tools, which is critical in expanding capacity levels to meet increasing demands, is cited as the main reason. ASML, which builds machines to etch circuits into silicon wafers, also warns the global chip shortage could last another two years.

Source: The Wall Street Journal via MacRumours

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