# TSMC says revenue up 16.7% as demand surges | Tech News (HT Tech) > TSMC said this week it plans to invest $100 billion in the next three years to expand manufacturing and in research and development. # TSMC says revenue up 16.7% as demand surges ## TSMC said this week it plans to invest $100 billion in the next three years to expand manufacturing and in research and development. Aug 21 2022, 16:34 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Logo at the Taiwan Semiconductor Manufacturing Co. headquarters in Hsinchu, Taiwan, on Wednesday, April 7, 2021. The TSMC�is a key supplier to Apple, and it�s the iPhone maker�s commitment to become carbon neutral by 2030 that is driving much of the change throughout the supply chain. Photographer: Billy H.C. Kwok/Bloomberg](https://images.hindustantimes.com/tech/img/2021/04/10/1600x900/370715169_0-10_1618050873066_1618050901752.jpg) Logo at the Taiwan Semiconductor Manufacturing Co. headquarters in Hsinchu, Taiwan, on Wednesday, April 7, 2021. The TSMC�is a key supplier to Apple, and it�s the iPhone maker�s commitment to become carbon neutral by 2030 that is driving much of the change throughout the supply chain. Photographer: Billy H.C. Kwok/Bloomberg (Bloomberg) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By AP Taiwan Semiconductor Manufacturing Co., the world’s biggest contract producer of processor chips, said Friday its revenue rose 16.7% in the latest quarter over a year ago as the global economy rebounded from the coronavirus pandemic. Revenue rose to 362.4 billion New Taiwan dollars ($12.7 billion) in the three months ending in March, the Taipei-based company announced. Revenue in March rose 13.7% over a year earlier to 129.1 billion New Taiwan dollars ($4.5 billion). TSMC makes chips for major brands including Apple Inc. and Qualcomm Inc. Most semiconductors used in smartphones, medical equipment, computers and other products are made in Taiwan, South Korea and China. Also read click here. The pandemic boosted demand for electronic equipment as more people worked from home. The revival of the global economy has helped to rebuild demand for autos and other consumer goods that depend on processor chips. TSMC said this week it plans to invest $100 billion in the next three years to expand manufacturing and in research and development. The company previously announced plans to invest $3.5 billion in a manufacturing site, in North Phoenix, Arizona, as concern grows over American reliance on Asian sources of high-tech components. TSMC also operates a semiconductor wafer fabrication facility in Camas, Washington, and design centers in San Jose, California, and Austin, Texas. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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