TSMC on Tuesday held a board meeting where it, among other things, approved plans to spend $44.962 billion on building new fabs and upgrading existing production capacities. The approval is a part of the company’s general plan to spend between $52 billion and $56 billion on capital expenditures this year, with the rest of the funding to be approved at a later meeting. In addition, the company promoted a developer of its 1nm-class process technology.
A record spending approval
TSMC holds board meetings…

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