TSMC approves $29.44 billion capital budget for capacity expansion amid AI demand

AI Summary

Taiwan Semiconductor Manufacturing Company (TSMC) has approved a $29.44 billion capital expenditure budget to expand its production capacity driven by rising demand for artificial intelligence technologies. The large investment underlines the growing importance of semiconductor manufacturing in AI applications.

Taipei: Taiwan Semiconductor Manufacturing Co. (TSMC) approved a capital budget of about $29.44 billion for expansion amid the ongoing artificial...