TSMC will invest $700 million to upgrade the capacity of the 12 inch wafer fab

Taipei on November 8th news, local time, chairman of Taiwan semiconductor electric on Tuesday approved a plan that the company will invest $706 million 500 thousand to increase its production capacity. The investment will be used to expand the company's 12 inch wafer factory's production capacity of 65 nanometer technology, expanding its production capacity of 8 inches of the factory's 0.18 micron and 0.15 micron.

This is the news that the world's largest chip manufacturer in terms of sales, said in a statement. The company has two - inch chip factories in Taiwan and the five - Inch 8 inch wafer factory in the city of. TSMC's board also approved a maximum $75 million investment to build a venture capital fund, and will be commissioned by the VentureTech Alliance Management to manage the fund.