TSMC invests $17B in new fab facilities

Taiwan Semiconductor Manufacturing is spending $17 billion to build and equip new wafer fabrication facilities in southern Taiwan, where the foundry will make chips with 20-nanometer dimensions. The company has reportedly taken some of Apple's foundry business away from Samsung Electronics. "TSMC remains by far the biggest player in the foundry [business] and it'll continue to dominate as it's got the biggest capacity and best foundry technology," said Doh Hyun-woo of Mirae Asset Securities. "But margins are set to come under pressure as it will see more competition from the likes of Samsung." Meanwhile, TSMC reported that its revenue in September came to $1.89 billion, up 28% from a year earlier.

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