Chipmaker TSMC Says Too Early to Say on Germany Expansion
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Monday that it was too early to say whether it will build factories in Germany and that talks were in early stages, as the EU seeks to reduce chip imports amid a supply shortage.
The European Commission had held discussions with global
chip giants, including Intel and TSMC, as the EU seeks to boost semiconductor
production and shield itself from shocks in the global supply chain.
Taiwan and TSMC, the world's largest contract chip
manufacturer, have become central in efforts to resolve the pandemic-induced
chip shortage that has forced automakers to cut production and hurt
manufacturers of smartphones, laptops and even appliances.
"We are currently doing reviews on Germany seriously,
but it's still in very early stages," TSMC chairman Mark Liu told an
annual shareholder meeting when asked about building chip fabrication plants in
the EU country.
"We continue to communicate with our major clients in
Germany to see whether this is most important and effective for our
clients," he said. "It's too early to say."
TSMC signalled in July plans to build new factories in the
United States and Japan amid concern over the concentration of chipmaking
capability in Taiwan, which produces most of the world's most advanced chips
and is geographically close to political rival China.
On TSMC's $12 billion factory in the U.S. state of Arizona,
Liu said the expansion would support client demand, especially in
infrastructure and national security.
"Clients are the backing of our global expansion. We
will move very cautiously," Liu said, adding that the company's customers
would help share costs of overseas operations.
TSMC announced this year plans to invest $100 billion over
the next three years to increase capacity, riding on what it called a
"multiple years of growth opportunities", as the COVID-19 pandemic
and new technologies drove global demand for advanced chips.
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