Recently, Silicon foundry giant Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) has taken a big step in the LED arena.

TSMC is looking at the energy sector for good reason. On Tuesday (Nov. 10), TSMC has approved capital appropriations of $46 million to set up a production line and product development lab for solid state lighting. This implies that it is looking at LED production. It is unclear if TSMC (Hsinchu) will devise LEDs on a foundry basis. The company did not elaborate on its intentions.