SAN JOSE, Calif. - Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) is in discussions to buy land and buildings from DRAM maker Powerchip Technology Corp.,
according to a report from Bloomberg.
TSMC wants to buy the land and buildings in Hsinchu, Taiwan to expand its operations, according to the report.
Silicon foundry giant TSMC plans to raise its R&D spending by nearly 39 percent to NT$50 billion (about $1.68 billion) in 2011, according to reports.
The company plans to increase its capital spending in 2011 compared to this year and is planning a new 300-mm fab in Taiwan that will open in 2015, according to reports emerging from the company's supply chain management forum.
The talks could be an effort to keep up with Advanced Technology Investment Co. (ATIC), the deep-pocketed majority investor in TSMC rival Globalfoundries Inc. Globalfoundries is currently building a fab in upstate New York and in September ATIC's CEO, Ibrahim Ajami, said the firm would spend up to $7 billion to build a semiconductor fab in Abu Dhabi, the capital of the United Arab Emirates