TAIPEI -- Taiwanese chipmaker Powerchip on Monday said it planned to invest 278 billion New Taiwan dollars ($9.03 billion) to build two more plants on the island for the manufacture of 12-inch chips as part of the company’s strategy to bolster its foundry business and return to the stock market by 2020.
The planned investment will bring the total number of Powerchip’s 12-inch chip facilities in Taiwan to five, with a combined production capacity of 200,000 wafers per month by 2030, up from the current 100,000, according to the chipmaker.
