# TSMC board approves $6.7B for fab expansion for 7nm and 5nm chips

TSMC's board approved approximately $6.7 billion in capital appropriations for fab construction, installation of advanced technology capacity, and R&D investments for 7nm and 5nm chip production.

- Type: Investment
- Announced: 2020-02-13
- Where: TWN
- Value: $6.70B
- Status: announced
- Products: 7nm chips, 5nm chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TSMC](https://endata.com/companies/15886.md)

## Sources

- [hothardware.com](https://hothardware.com/news/tsmc-board-expansion-fabs-67-billion), 2020-02-13: "TSMC's board this week approved approximately $6.7 billion to expand it facilities used to produce chips."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.