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TSMC to expand capacity by 30% in 2011

Dec. 8, 2010 (China Knowledge) - Taiwan Semiconductor Manufacturing Co, the world's largest contract chip maker by revenue, announced on Dec. 3 that it plans to expand capacity by 30% in 2011 to meet strong market demand, the Wall Street Journal reported.

The company expanded its production capacity by 37% this year amid the recovering global economy, said Chairman Morris Chang, adding that the firm's capital expenditure next year will be more than this year's US$5.9 billion, but he declined to disclose the amount.

Chang expected that global semiconductor industry will see a 5% revenue growth in 2011, driving by rapid growth of chip outsourcing. TSMC's revenue growth rate will exceed the 14% of the global industrial average.

In addition, the company announced last Friday that it will build a new 12-inch wafer plant in Taiwan in 2015, according to an earlier report from China Knowledge.

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