News Article
TSMC plans new plant in China
Taiwan Semiconductor Manufacturing Co Ltd said it plans to set up its first advanced manufacturing plant in China without a JV.
The move by TSMC to build a wholly-owned plant that will make 12-inch wafers was expected after Taiwan authorities in relaxed rules earlier this year that said such investments be done under joint venture terms.
The entire investment project is worth $3 billion, but the capital investment will be lower due in part to favourable Chinese policies aimed at developing its chip industry, TSMC said.