Supply chain
Highlights of the day: TSMC to expand capacity in China

TSMC has allocated a budget of almost of US$3 billion for expanding capacity of mature process technology. But until the capacity comes on line, mature process capacity will remain tight throught at least year-end 2022. Tight foundry capacity, along with rising quotes for fab services and materials, has been disrupting order placements by IC designers. MCU vendor Holtek has recently stopped taking orders from clients for 2022 until it gets a clearer picture of the size of foundry support it will get. The EV market is picking up momentum fast. Taiwan-based electric scooter vendor, Gogoro, which has seen significant success in the local market, is entering India by striking up a partnership with Hero MotoCorp.

TSMC to expand capacity for 28nm process at China fab: TSMC's board of directors has approved a budget of about US$2.89 billion for installation of mature technology capacity, the pure-play foundry announced on April 22.

Holtek reportedly stops taking orders for 2022: MCU firm Holtek Semiconductor has notified its distributors and major clients that the company will not take orders for 2022 until it has completed negotiations with foundries about capacity allocation, according to industry sources.

Gogoro taps India market via partnership with Hero MotoCorp: Taiwan-based electric scooter vendor Gogoro has announced a strategic partnership with India-based Hero MotoCorp for setting up a joint venture to operate battery-swapping Gogoro Network and develop electric motorcycles and scooters for sale in India.

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