TSMC this year plans to invest $26-28 billion chip companies

Announced TSMC chairman and CEO Rick Tsai the day before, this year the company will invest 26-28 billion on chip companies.

He also said that the global semiconductor industry will be more healthy and stable, this year's growth rate may reach 8-10%. On the prospects for the development of the global semiconductor industry, he said: there are two important reasons, first, the supply chain is more compact and faster than before, and the two is the capital investment has become more cautious and restraint." He was speaking at a press conference in Tokyo. He also said that the excessive investment in the semiconductor industry will end. He expects TSMC to grow faster and hit a new high in 2005 than in 2006. The company released results show that its 2005 sales grew 7.5% compared with the previous year. He also said that its 4-6 month sales may be more than 1-3 month 2 billion 300 million results. He also said that TSMC will spend about $four hundred and fifty million on research and development in the coming year.

He is also optimistic that the prospects for the whole industry are bright. He said: "this year, the growth of the industry will be significantly better than the overall level of growth in the semiconductor industry." TSMC, the world's largest supplier of microprocessors to its maker, hit a record $8 billion 200 million in revenue in 2005, accounting for about a quarter of the total market share of the global semiconductor industry.