Chipmaker TSMC approves $2.8 bln for capacity expansion
TAIPEI, April 22 - Taiwan Semiconductor Manufacturing Co's board has approved $2.89 billion in spending to increase capacity, the company said on Thursday, responding to a global chip shortage that has affected carmakers in particular.In a brief statement, the world's largest contract chipmaker said its board had approved the spending "for the purpose of installing mature technology capacity".The company this month said that it plans to invest $100 billion over the next three years to increase
