TSMC to invest US$100 billion for 3 years to expand facilities 

TSMC said on Thursday that it will invest US$100 billion in the next three years to expand its production capacity, according to Reuters.

The Taiwanese chip giant also said it will work with its customers to overcome the current global chip shortage.

Last year, Intel announced that it is planning to spend US$20 billion to expand its foundry business.

In January, TSMC annoucned that it will be spending US$25 billion to US$28 billion in its production facilities for 2021 alone.

Intel started its own foundry business in 2016, but pulled out after two years. 

It is restarting the business as the sector is expected to grow going forward. The foundry market is expected to be worth US$100 billion, Intel CEO Pat Gelsinger said.

Intel is planning to build two new fabs in Arizona starting this year. It is also planning to build a fab in Europe.

Samsung Electronics is expected to spend over 30 trillion won in its chip facilities this year.

According to TrendForce, TSMC has a market share of 56% in the global foundry market. Samsung is the runner-up with 18% market share.