TAIPEI -- Taiwan Semiconductor Manufacturing Co. is asking clients to accept higher prices as it ramps up investment to deal with a "structural and fundamental increase" in chip demand.
C.C. Wei, TSMC's CEO, told clients in a letter seen by Nikkei Asia that the world's biggest contract chipmaker plans to invest $100 billion over the three years through 2023 in advanced semiconductor technologies, according to the letter. TSMC this year announced record high capital expenditure of up to $28 billion for this year alone.
