TSMC approved spending nearly $1 billion expansion of advanced process capacity

TSMC (TSMC), said the company has approved a $995 million fund to expand 300mm fab, increase its advanced process capacity. TSMC said the capital expenditure will be put to the company headquarters in Taiwan is located in Hsinchu Fab 12, the total capacity of the plant up to 70000 / month.

Nevertheless, TSMC's capital expenditure this year has been reduced. In 2008 the company plans to spend $1 billion 800 million, compared with $2 billion 600 million in 2007.

Source: International Electronic Business