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August 12, 2009

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TSMC Plans US$50m for solar energy

TOP contract chip maker TSMC yesterday said it would allocate US$50 million for possible investments in solar energy-related areas, as part of its efforts to diversify into the solar market.

TSMC announced the news after its board meeting, where the company also approved capital appropriation of US$1.1 billion to boost chip capacity using advanced 45-nanometer process technology and install 32nm process capacity.

The company had said about two months ago it planned to venture into LEDs (light-emitting diodes) and solar energy as it sought diversification and long-term growth drivers beyond chip foundries.


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