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TSMC to invest $9 billion in 2013

To cope with rising demand

Taiwanese foundry-for-hire TSMC plans to go on a record spending spree in 2013. TSMC Chairman Morris Chang announced Friday that the company will invest $9 billion toward expanding production capacity.

TSMC’s capital spending in 2012 totaled $8.3 billion, but since demand for smartphone and tablet chips is still strong, the foundry reckons its revenue will grow between 15 and 20 percent in 2013. Well, at least someone is doing well in the weak PC market.

TSMC started the year on a somewhat pessimistic note, as the company was not all that upbeat about business conditions in the latter part of 2012. However, TSMC is confident that its revenue will keep growing through 2016.

More here.

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