TSMC to Build New Semiconductor Factory in Japan

Taiwan Semiconductor Manufacturing Corporation (TSMC) has announced it will build a new computer chip factory in Japan. TSMC, the world’s biggest contract manufacturer of semiconductors, stated that the expansion aims to increase the company’s competitive advantage to better serve its customers. The new factory is expected to be built in Western Japan as a joint venture with Sony.

TSMC also said that the project has the backing of both the company’s customers and the Japanese Government. The project still awaits approval from TMSC’s board of directors.

TSMC CEO C.C. Wei said semiconductor shortages, which cornered automakers and other manufacturers alike, were reduced for the most part during the period between July and September, but they still needed to wait for a couple of quarters to say it’s over.

TSMC projects that demand will continue rising due to new generation telecommunications technologies and high performance computing.

TSMC announced earlier this year that it was aiming to increase manufacturing capacity and R&D investments. The company will invest $100 billion in the next three years for that end.

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