Taiwan Semiconductor Manufacturing Company (TSMC), a major player in the global semiconductor industry, has announced plans to build ten factories globally in 2025. The estimated cost of this ambitious project is between $34-38 billion. This move is seen as a strategic response to the ongoing geopolitical tensions and a bid to strengthen TSMC's global presence.
According to reports, the ten factories will be built in different locations around the world, including Taiwan, China, and other parts of Asia, as well as Europe and the United States. The new factories will be added to TSMC's existing portfolio, which already spans over 40 factories worldwide.
The construction of these new factories is expected to create a significant amount of jobs and stimulate economic growth in the regions where they will be built. Additionally, the projects are expected to lead to the development of new technologies and innovations in the field of semiconductors, which is critical for the growth of various industries such as electronics, automotive, and aerospace.
The announcement comes at a time when the global demand for semiconductors is increasing rapidly due to the growth of the Internet of Things (IoT), Artificial Intelligence (AI), and other emerging technologies. TSMC's expansion plans are seen as a strategic move to meet this growing demand and to maintain its position as a leading player in the global semiconductor industry.