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TSMC approves $795 million capital spending

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The plan is to venture into 45/40 nm CMOS technology and MEMS.
TSMC's board approved a large sum a venture into 45/40nm CVMOS processes and MEMS which is part of a previous announced capital expenditure for 2008. The majority of this money is planned to expand the 45/40nm manufacturing capacity of its 300mm fabs. Some of the money goes to it's 200mm fab equipment.

Moreover, an upgrade of its 350nm logic process capacity to MEMS is planned. TSMC has been active in MEMS foundry production for quite some time and, according to the company, MEMS grows at an annual rate of 13%.
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