News
Taiwan Mask Corporation raises NT$1.75 billion for 28nm upgrades and 14-inch photomask expansion
Saturday, January 10, 2026 at 02:02 AM
Taiwan Mask Corporation (TMC) has completed a NT$1.75 billion capital increase to upgrade its 28nm-and-above mainstream processes and expand 14-inch photomask capacity. The investment targets demand in PMICs, automotive chips, and advanced packaging applications like CoWoS. The company is also shifting its market focus, reducing its revenue exposure to China from one-third to one-fourth while increasing its presence in Taiwan and Southeast Asia.
Context
Taiwan Mask Corporation has successfully raised NT$1.75 billion to accelerate its transition toward 28nm mainstream processes and advanced packaging. The funding will specifically expand 14-inch photomask capacity, a critical component for CoWoS and 3D integration used in AI servers and high-performance computing. By targeting high-demand sectors like automotive chips and power management ICs, the company is positioning itself as a vital independent supplier in the global semiconductor supply chain.
Strategically, this expansion allows Taiwan Mask to reduce its exposure to the China market while scaling operations in Taiwan and Southeast Asia. The company anticipates that these high-value upgrades will drive double-digit annual growth, aligning with market forecasts that the global semiconductor industry will exceed $1 trillion by 2029. This capital boost strengthens the firm’s financial structure, ensuring it remains competitive in the face of rising equipment costs and shifting geopolitical supply chain dynamics.
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