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TSMC to invest nearly $2.9 billion to build advanced chip plant in Taiwan - media

TSMC to invest nearly $2.9 billion to build advanced chip plant in Taiwan - media

FILE PHOTO: Construction workers stand as chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022. REUTERS/Ann Wang

25 Jul 2023 10:14AM

TAIPEI : Taiwanese chip maker TSMC plans to invest nearly T$90 billion ($2.87 billion) to build an advanced chip testing and packaging facility in Taiwan's northern county of Miaoli, according to the official Central News Agency.

TSMC did not immediately respond to request for comment.

($1 = 31.3230 Taiwan dollars)

(Reporting By Yimou Lee and Sarah Wu; Editing by Kim Coghill)

Source: Reuters

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