Stock Markets June 30, 2026 03:27 PM

TSMC Advances Panel-Level CoPoS Packaging, Targets 2029 for Mass Production

Foundry runs two-stage pilots as it protects IP and prepares square-panel packaging to lower costs for large AI chiplets

By Leila Farooq
Share
Twitter Reddit Facebook LinkedIn
TSM NVDA INTC

Taiwan Semiconductor Manufacturing Company (TSMC) is moving forward with development of a panel-level packaging technology called CoPoS that replaces round 12-inch wafers with 310mm x 310mm square panels. Pilot work is under way at VisEra's Longtan site, with a second pilot slated for TSMC's AP7 facility in Chiayi. Mass production is not anticipated until 2029. The program is tightly controlled with strict confidentiality and exclusive-supply clauses for suppliers, and the company sees the format as the successor to CoWoS for large AI accelerators.

TSMC Advances Panel-Level CoPoS Packaging, Targets 2029 for Mass Production
TSM NVDA INTC
Summarize with
ChatGPT Perplexity Claude Grok Gemini

Key Points

  • TSMC is developing CoPoS, a panel-level packaging approach using 310mm x 310mm square panels, with mass production not expected before 2029.
  • Pilot operations are under way at VisEra's Longtan facility, with a second pilot planned at TSMC's AP7 site in Chiayi to validate processes and equipment.
  • CoPoS aims to reduce material waste and lower costs for very large AI chiplets, positioning it as a successor to CoWoS; Taiwanese equipment and materials suppliers are the near-term beneficiaries.

Taiwan Semiconductor Manufacturing Company (TSMC) is accelerating engineering and validation work on a next-generation packaging approach known as CoPoS, which moves assembly from circular 12-inch wafers to square 310mm x 310mm panels. According to reporting by DigiTimes, TSMC has established an initial pilot line at VisEra's Longtan facility and plans to run a second pilot at its AP7 site in Chiayi, but industry expectations place mass production no earlier than 2029.

The company is positioning CoPoS as the logical successor to its current CoWoS packaging architecture, which has played a pivotal role in the rollout of large AI accelerators. The panel format is specifically designed to reduce material waste and lower costs as chiplet sizes increase, an economic case that TSMC and its partners are treating as central to the technology's eventual commercialization.

Pilot program and secrecy

TSMC's initial pilot is running at VisEra's Longtan plant, with a follow-up pilot planned for the AP7 facility in Chiayi to continue process validation. DigiTimes characterizes the pilot structure as two-stage, underscoring the volume of engineering work required before scaling to production volumes. The foundry has imposed strict non-disclosure agreements and exclusive-supply clauses on equipment makers, material suppliers, and key component vendors participating in CoPoS development, with cooperation agreements explicitly designed to prevent R&D leakage.

Those contractual controls reflect the program's strategic importance and TSMC's intent to preserve a competitive lead over rivals, including Intel and Samsung, which are reported to be pursuing their own panel-level packaging efforts.

Why square panels?

The economic rationale driving the transition from round wafers to square panels is straightforward. As chip dimensions grow to accommodate larger AI accelerators, the curved edges of circular wafers produce an increasing amount of unusable interposer area. Square panels substantially reduce or eliminate this edge waste, improving material utilization and offering a clear path to lower unit costs for very large chiplets. TSMC is presenting CoPoS as the next stage beyond CoWoS, aiming to capture cost reductions as package sizes scale.

Manufacturing challenges

CoPoS introduces a set of manufacturing challenges considered materially different and, in several respects, greater than those faced with CoWoS. These include the adoption of glass substrates at panel scale, development of large-format redistribution layers, management of low-warpage across broad panel surfaces, and deployment of novel metrology and inspection techniques tailored to panel-sized assemblies. The second pilot at AP7 is intended to address these process and equipment issues as TSMC moves from proof-of-concept to production readiness.

Supplier landscape and domestic sourcing

DigiTimes reports that Taiwanese equipment and materials suppliers are likely to be the immediate beneficiaries of the CoPoS program, since local vendors can more rapidly support the intensive R&D cycles the initiative demands. The foundry's cooperation agreements reportedly include exclusive-supply provisions and require strict confidentiality. An unnamed industry source quoted by DigiTimes suggested Taiwanese suppliers currently demonstrate greater responsiveness than many international competitors, noting that local vendors are often willing to work overtime to meet program needs.

Bill Chiu, chairman of Gudeng Precision, a Taiwanese supplier involved in CoPoS validation, told DigiTimes that "CoPoS will definitely happen," while emphasizing that the effort represents a generational upgrade built on existing process knowledge rather than a clean-sheet design. Chiu added that after technical maturity is achieved, the primary focus will shift to cost optimization, implying that pricing pressure on early CoPoS capacity will come after technical stabilization.

Standards, geopolitics and industry implications

Standardization of panel dimensions remains unresolved. While TSMC's internal format is 310mm x 310mm, other players are reported to be experimenting with different panel sizes. That fragmentation could complicate an industry-wide transition and will need coordination before multi-customer commercial deployment becomes practical.

The concentration of R&D and supplier activity in Taiwan, combined with strict export-adjacent confidentiality controls, heightens the geopolitical significance of the island's semiconductor ecosystem. DigiTimes notes that the program's design and validation with Taiwanese suppliers deepens Taiwan's strategic role at a time when policymakers in Washington and Taipei are focused on preserving technological advantage.

Near-term watch points for investors

  • Progress updates from the AP7 pilot line in Chiayi as TSMC advances process validation.
  • Any acceleration of competing panel-level programs by Intel or Samsung.
  • Disclosure of CoPoS-related supplier relationships in the quarterly reports of Taiwan-listed equipment and materials companies.
  • TSMC commentary on packaging capacity in its quarterly results, which would clarify the pace of a transition from CoWoS to panel-level CoPoS.

With a 2029 mass-production target now reflected in market expectations, the technical and commercial sequencing set out by TSMC and its suppliers will determine how quickly AI chip customers such as large hyperscale designers can migrate to panel-level packaging. That sequencing will also shape near-term cost dynamics across the AI semiconductor supply chain.

Risks

  • Manufacturing and metrology challenges - CoPoS introduces new technical hurdles such as glass substrates, large-format redistribution layers, and low-warpage control that must be resolved before scaling.
  • Supply-chain and standardization uncertainty - Panel-size fragmentation and TSMC's strict supplier controls could delay broad multi-customer adoption.
  • Geopolitical concentration - Heavy reliance on Taiwanese suppliers and tight confidentiality increases geopolitical sensitivity for the supply chain.

More from Stock Markets

Bloom Energy and Brookfield Quintuple AI Power Financing to $25 Billion Jun 30, 2026 Transocean Secures More Than $1 Billion Contract With Equinor, Shares Gain After-Hours Jun 30, 2026 Bovespa Ends Lower as Consumption, Materials and Financials Weigh on Market Jun 30, 2026 Toronto stocks tick higher as Healthcare, Clean Tech and IT lift the market Jun 30, 2026 Major U.S. Indexes Close Higher; Dow Marks New All-Time High as Tech and Industrials Lead Gains Jun 30, 2026