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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 252.25+0.9%Nov 28 9:30 AM EST

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To: etchmeister who wrote (24698)11/11/2010 9:48:02 PM
From: etchmeister   of 25522
 
TSMC approves budget over US$2.68 billion for capacity expansion, R&D


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Nancy Cheng, Taipei; Adam Hwang, DIGITIMES [Wednesday 10 November 2010]

Taiwan Semiconductor Manufacturing Company's (TSMC) board of directors on November 9 approved a budget of US$2,684.66 million, of which US$1,880.9 million will be for establishing special production capacities and US$803.76 million for R&D in 2011, according to the company.

The US$1,880.9 million budget will be used to set up mini-lines (for trial production) at its Fab 15 in the Central Taiwan Science Park, as well as capacity expansion for advanced manufacturing processes, 12-inch wafer-level chip-scale packaging capacity and specialty-technology production capacity, TSMC said.

There has been strong demand for specialty-technology production, including automotive electronics and MCUs in 2010, TSMC indicated.

The board also approved TSMC's planned additional investment of 9.4 million euro (US$13.08 million) in TSMC Solar Europe, the company's subsidiary to market solar products and related services in Europe.
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