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TSMC has announced plans to expand its chipmaking efforts with a new factory in Japan during its Q3 2021 earnings call, marking the latest expansion for what’s already the world’s largest chipmaker, via Reuters. But the news comes as the company also cautions that supply will be “tight” for chips throughout 2022 as a result on the ongoing shortage.

The new plant is planned to focus on producing chips with older technologies, instead of the bleeding-edge processors that TSMC is best known for providing to companies like Apple, AMD, Nvidia, and Qualcomm. That’s particularly important, given that it’s those older chips — like those found in cars for controlling the airbags and seatbelts or the power management chip in an iPhone — that are…

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