On November 18, according to Taiwan’s Economic Daily, TSMC is set to operate a total of 10 domestic and overseas facilities, including under-construction and new plants, by 2025. This marks the first time in the company’s history and sets a new global semiconductor industry record for concurrently advancing 10 plant projects. This development is expected to drive TSMC’s capital expenditures to a high-growth trajectory next year.
Data reveals that TSMC built an average of five plants annually between 2022 and 2023. For 2024, the company plans to build seven plants, including three wafer fabs, two packaging plants, and two overseas facilities. By 2025, the total number of under-construction and new plants globally will reach 10, with Taiwan hosting seven of them. These projects encompass advanced process wafer fabs and advanced packaging plants.
Specifically, Taiwan’s seven projects include 2nm mass production bases in Hsinchu and Kaohsiung, with two plants at each site, totaling four. In advanced packaging, the projects comprise the AP8 factory (acquired from Innolux in Tainan Science Park), ongoing CoWoS expansion at Taichung, and advanced packaging investments in CoWoS and SoIC at Chiayi, adding up to three plants.
Internationally, in 2025, TSMC will simultaneously advance plant construction in the US, Japan, and Europe. This includes the officially announced second plant in Kumamoto, Japan, which is scheduled to begin construction in Q1 2025 and aims for mass production by 2027. Other projects include the second fab at the Arizona wafer facility and the Dresden specialty process plant in Germany, both progressing steadily.
Capital expenditures for 2025 are projected to reach $34 billion to $38 billion, potentially hitting a historic high. In response to questions about 2025 expenditures, TSMC’s PR department stated that the company has not yet announced specific plans and emphasized that any related information should be based on publicly disclosed data. For 2024, guidance remains as outlined in the October earnings call.
TSMC previously mentioned at its annual technology symposium that its capacity expansion plans, both domestically and abroad, aim to meet and support customer demands.
With 10 simultaneous projects in 2025, TSMC’s capital expenditures are poised for further growth, possibly surpassing the 2022 record of $36.29 billion.
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