https://apnews.com/3f4b9cc9dc14b3726d6efc1b01cf385b

TAIPEI, Taiwan (AP) — Major Taiwan computer chip maker Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the next three years in expanding its manufacturing capacity and supporting research and development, the company said Thursday.

TSMC, the world’s biggest contract producer of semiconductors, said it anticipates faster growth thanks to long-term trends like the introduction of next-generation telecommunications and high-performance computing. The coronavirus pandemic, meanwhile is revving up demand for electronic devices as the world relies increasingly on digitalization.