Taiwan Semiconductor Manufacturing Company Limited (TSMC), the world's largest independent chip foundry, has set aside a research and development budget for this year of a record-setting $2.2 billion in order to ensure its fabrication process technology stays ahead of competition, said a report this morning in Taiwanese trade publication DigiTimes. In 2015, the firm spent just $1.067 billion on R&D.
iPhone chip maker TSMC to spend a massive $2.2 billion on R&D this year