Focus Taiwan
Date: 12/22/2020
By: Flor Wang and Yang Shu-ching

Taipei, Dec. 22 (CNA) Taiwan's government on Tuesday approved Taiwan Semiconductor Manufacturing Co's (TSMC) planned chip plant in the U.S. state of Arizona — the largest overseas investment by any Taiwanese company in nearly eight years.

The green light was given by the Investment Commission under the Ministry of Economic Affairs (MOEA) during an expert meeting earlier the same day.

To pave the way for the planned 5-nanometer 12-inch chip plant, the world's leading contract chip maker set up TSMC Arizona Corporation with US$30 million in December, and is applying for a capital increase of US$3.47 billion in the entity, for a total investment of about US$3.5 billion, the commission said.

TSMC is scheduled to start producing 5-nanometer 12-inch chips at its Arizona plant in the first half of 2024 to meet the strong demand for advanced chips in the North American market, the commission said.    [FULL  STORY]