What is the expected production schedule for N4X 
support our customers' growth and deliver long-term profitable growth for our shareholders.
Now I will talk about N5 and N4P and N4X status. As our N5 enter its third year of ramp, demand continues to be very strong, driven by smartphone and HPC applications. Our N5 has proven to be the industry's most competitive leading-edge technology. To further enhance our N5 family's performance, power, and density improvement for next-wave 5-nanometer products, we also introduced the N4P and N4X technologies.
N4P offers 11% performance boost as compared to the N5 with 22% improvement in power efficiency and 6% density gain. N4P is designed for easy migration from N5 with its products taking our schedule for second half 2022. We also introduced N4X as an offering especially optimized for workload-intensive HPC applications. N4X will offer much more circuit performance boost over N5 and we expect it to enter its production in first half 2023.
With our continuous enhancement of our N5 process technologies, we expect demand for our N5 family to continue to grow in the next several years, and for N5 family to be a large and long-lasting node for TSMC. Next, let me talk about the N3 and N3E status, our N3 technology wide-use FinFET transistor structure to deliver the best technology maturity, performance and cost for our customers. Our N3 technology development is on track. We have developed complete performance support for both HPC and the smartphone applications.
N3 production will start in second half of 2022. We continue to see a high level of customer engagement at N3, and expect the more new tape-outs for N3 for the fourth year as compared with N5. N3E will further extend our N3E family with the enhanced performance, power, and yield. We also observed a high level of customer engagement at N3E, and volume production is scheduled for one year after N3.
Our 3-nanometer technology will be the most advanced foundry technology in both PPA and transistor technology when it is introduced. With our technology leadership and strong customer demand, we are confident that our N3E family will be another large and long-last node for TSMC. Finally, let me talk about our mature node capacity strategy. TSMC's strategy at a mature node is to work closely with our customers to develop a specialty technology solutions to meet customers' requirement and create differentiated and long-lasting value to customers.
We expect the multiyear industry makeup trend of 5G and HPC and the higher silicon content in many end devices, to drive increasing demand and mature node for certain specialty technologies. We forecast 28-nanometer will be the sweet spot for our embedded memory applications and our long-term structural demand at 28-nanometer to be supported by multiple specialty technologies. In support of our specialty technology strategies, we are expanding our 28-nanometer manufacturing capacity and size in China, Japan, and Taiwan. Our capacity expansion is based on customers' need, business opportunities, operating efficiency, and cost economic considerations.
We believe the expansion of our mature node capacity will enable us to better serve our customers' needs and reach global talents, and our differentiated specialty technology will enable us to capture the demand generated from the industry mega trend and deliver long-term profitable growth for our shareholders. This concluding our key message. Thank you for your attention.
Jeff Su
Thank you, C.C. This concludes our prepared remarks. [Operator instructions] Should you wish to raise your question in Chinese, I will translate it to English before our management answers your question. [Operator instructions] Now we will proceed to the Q&A session.
Our chairman, Dr. Mark Liu, will be the host.
Mark Liu -- Chairman
Hello, everyone. This is Mark Liu. I want to send my regards to every one of you during this pandemic and wish we have a happy and a successful 2022. Thank you.
Jeff Su
Thank you, Chairman. Let's begin the Q&A session now. Operator, can we please proceed with the first caller on the line?
Ques
support our customers' growth and deliver long-term profitable growth for our shareholders.
Now I will talk about N5 and N4P and N4X status. As our N5 enter its third year of ramp, demand continues to be very strong, driven by smartphone and HPC applications. Our N5 has proven to be the industry's most competitive leading-edge technology. To further enhance our N5 family's performance, power, and density improvement for next-wave 5-nanometer products, we also introduced the N4P and N4X technologies.
N4P offers 11% performance boost as compared to the N5 with 22% improvement in power efficiency and 6% density gain. N4P is designed for easy migration from N5 with its products taking our schedule for second half 2022. We also introduced N4X as an offering especially optimized for workload-intensive HPC applications. N4X will offer much more circuit performance boost over N5 and we expect it to enter its production in first half 2023.
With our continuous enhancement of our N5 process technologies, we expect demand for our N5 family to continue to grow in the next several years, and for N5 family to be a large and long-lasting node for TSMC. Next, let me talk about the N3 and N3E status, our N3 technology wide-use FinFET transistor structure to deliver the best technology maturity, performance and cost for our customers. Our N3 technology development is on track. We have developed complete performance support for both HPC and the smartphone applications.
N3 production will start in second half of 2022. We continue to see a high level of customer engagement at N3, and expect the more new tape-outs for N3 for the fourth year as compared with N5. N3E will further extend our N3E family with the enhanced performance, power, and yield. We also observed a high level of customer engagement at N3E, and volume production is scheduled for one year after N3.
 Our 3-nanometer technology will be the most advanced foundry technology in both PPA and transistor technology when it is introduced. With our technology leadership and strong customer demand, we are confident that our N3E family will be another large and long-last node for TSMC. Finally, let me talk about our mature node capacity strategy. TSMC's strategy at a mature node is to work closely with our customers to develop a specialty technology solutions to meet customers' requirement and create differentiated and long-lasting value to customers.
We expect the multiyear industry makeup trend of 5G and HPC and the higher silicon content in many end devices, to drive increasing demand and mature node for certain specialty technologies. We forecast 28-nanometer will be the sweet spot for our embedded memory applications and our long-term structural demand at 28-nanometer to be supported by multiple specialty technologies. In support of our specialty technology strategies, we are expanding our 28-nanometer manufacturing capacity and size in China, Japan, and Taiwan. Our capacity expansion is based on customers' need, business opportunities, operating efficiency, and cost economic considerations.
We believe the expansion of our mature node capacity will enable us to better serve our customers' needs and reach global talents, and our differentiated specialty technology will enable us to capture the demand generated from the industry mega trend and deliver long-term profitable growth for our shareholders. This concluding our key message. Thank you for your attention.
Jeff Su
Thank you, C.C. This concludes our prepared remarks. [Operator instructions] Should you wish to raise your question in Chinese, I will translate it to English before our management answers your question. [Operator instructions] Now we will proceed to the Q&A session.
Our chairman, Dr. Mark Liu, will be the host.
Mark Liu -- Chairman
Hello, everyone. This is Mark Liu. I want to send my regards to every one of you during this pandemic and wish we have a happy and a successful 2022. Thank you.
Jeff Su
Thank you, Chairman. Let's begin the Q&A session now. Operator, can we please proceed with the first caller on the line?
Ques