The Taiwan Semiconductor Manufacturing Company (TSMC) is aiming for a new fabrication facility in Tainan, Taiwan. After completion, this facility will be the most advanced chip manufacturing plant globally as it will make chips through what TSMC markets as the 3nm process node.
TSMC is motivating its construction workers to work during the Lunar New Year holiday to speed up the construction. The Nikkei Asian Review has revealed that the chipmaker has informed its construction companies to pay double the hourly rate to workers who are available to work during the holidays and will work after taking only two days off.
According to an industry executive, “We received a notice from TSMC that it is giving 4,000 New Taiwan dollars ($145) a day as a bonus for every worker willing to come during the Lunar New Year…that is literally at least double the average daily wage for front line workers.
The details shared by The Nikkei suggest that the company is also working aggressively to increase its production capacity of 5nm. Especially, the fab is rumoured to be targeting a 70% production increase by the end of this year.
In addition to demand from both AMD and Apple, automakers are also trying to shift towards the leading-edge chip manufacturing process for their products. Socionext, a Japanese auto chip maker recently revealed its plans of a 5nm product expected to begin sampling in the second half of next year.
Recently, the Taiwanese company is rumoured to be arranging a Super Hot Production run to ease the ongoing shortage of auto chips. The decision came after the Western Governments stepped in and asked Taiwanese officials to help facilitate this crisis. It led to an information-technology agreement sponsored by the World Trade Organization (WTO) by the US chip companies to reduce the chip tariffs.