TSMC is gearing up expansion of its capacity in response to strong demand from diverse sectors. According to the foundry's CEO, TSMC will invest a total of US$100 billion in capacity expansion through 2023. In the car industry, Foxconn has made yet another move to expand its reach in the electric vehicle sector. Foxconn and Thailand's PTT have just signed an MoU for forming a JV for the production of EV in Thailand. The importance of Southeast Asia for the global supply chain is growing fast. Austria-based AT&S has just disclosed a plan to set up an ABF substrate production base in Southeast Asia.
TSMC stepping up advanced process capacity expansion: TSMC will be stepping up its advanced process capacity expansion through 2023, according to company CEO CC Wei.
Foxconn to form electric vehicle JV with Thailand's PTT in 2H21: Foxconn Technology Group (Hon Hai) will form a joint venture with PTT, Thailand's majority state-owned oil and gas company, in the second half of 2021 as part of their memorandum of understanding (MOU) signed for cooperative production of electric vehicles (EV) in the Southeast Asian country.
AT&S to set up ABF substrate production base in Southeast Asia: AT&S has disclosed plans to invest EUR1.7 billion (US$2.07 billion) to set up a new production base for ABF substrates in Southeast Asia to satisfy the needs of its major HPC chip clients.