TSMC could boost investment by $8 billion

Taiwan Semiconductor Manufacturing Co (TSMC) is on a money roll at the moment.

Reports have emerged that the chip company could boost investment by 35.6 percent this year as it moves to up its efficiency with new technology.

According to the Economic Daily, which spoke to an “unnamed industry source”, TSMC plans to spend $8 billion on investment this year in a bid to make its mark and gain a bigger share of the 28-nanometer chip market.

TSMC has been a busy bee. Yesterday a report by IC Insights found that the company had upped its research and development spending by nearly 50 percent in 2010, making it one of the top 10 spenders in the R&D department of the semiconductor industry last year.

Reports in DigiTimes also suggest that the semiconductor giant is to hire more than 6,500 new employees in 2011, for its new manufacturing operations in Taiwan. It said the company would need more staff for its new 12-inch fabrication facilities at the Hsinchu Science Park (HSP) and the Southern Taiwan Science Park (STSP), when they are completed later this year.  It said the company may look to conduct another round of hiring around the end of 2011.

Earlier this week TSMC also announced plans to splash the cash on a 218,156 square metre plot of land, located at the Hsinchu Science Park in northern Taiwan, from Powerchip Technology for US $99.55 million (NT$2.9 billion).

The company will be getting more for its buck as the acquisition also includes an empty 12-inch fab and offices on the site.