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TSMC boosts capex, sets up VC fund

Posted: 11 Nov 2005 ?? ?Print Version ?Bookmark and Share

Keywords:tsmc? vc fund? 300mm? fab?

Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) said that it has approved a measure to spend $706.5 million to expand its 200- and 300mm fab capacity. The company has also set up a new $75 million venture capital fund.

Under the plan, the silicon foundry giant said that it will expand its 65nm process technology efforts within its 300mm fabs. It will also boost its 0.18- and 0.15-micron processes within its 200mm plants.

In total, TSMC plans to spend between $2.5-to-$2.7 billion on new equipment this year.

The spending plan comes during an upturn in the foundry business. On Thursday (Nov. 8), TSMC reported record October revenues of NT$26.23 billion ($778 million), up 14.2 percent from the previous month but down 2.5 percent from the like period a year ago.

Still, TSMC is playing catch up with Taiwanese rival United Microelectronics Corp. (UMC), which is believed to be ahead in the 90-nm foundry race in terms of customers and tape outs. UMC's October sales were NT$9.04 billion ($268 million), down 10.2 percent from the like period a year ago but up 6.35 percent from September.

Meanwhile, TSMC has set up a $75 million venture capital fund. TSMC's venture capital arm, dubbed VentureTech Alliance Management Co. (VTA), will manage the fund. VTA was subsequently retained for the management of two venture capital funds already set up by TSMC.

- Mark LaPedus

EE Times

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