TSMC announces chip plant in Japan, flags ‘tight’ capacity throughout 2022

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  • Q3 profit T$156.3 bln vs T$149 bln market forecast
  • Q3 revenue up 22.6% on year in U.S. dollar terms
  • TSMC lifts 2021 revenue growth target to about 24%
  • Japan factory to start production by late 2024

TAIPEI, Oct 14 (Reuters) – Taiwan chip giant TSMC (2330.TW) announced on Thursday plans to build a new factory in Japan to meet long-term appetite for chips and said, near-term, tight supplies will likely continue into 2022 amid booming demand during the COVID-19 pandemic.

TSMC, the world’s largest contract chipmaker and a key supplier to Apple Inc (AAPL.O), said it would set up a chip plant in Japan that will use older chipmaking technology, a segment currently under a severe supply shortage due to robust demand from automakers and tech companies. But production from the plant is only likely to begin by late 2024.

https://www.reuters.com/technology/taiwans-tsmc-posts-138-rise-q3-profit-global-chip-demand-surge-2021-10-14/

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