EXPANDING:TSMC owns the largest foundry market share in China and its new 12-inch wafer fabrication center in Nanjing is expected to manufacture 20,000 chips per month
Date: Mar 29, 2016
By: Lisa Wang / Staff reporter
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies chips for Apple Inc’s iPhone 6S series, yesterday said it has signed a US$3 billion investment agreement with the government of Nanjing city in China to produce 16-nanometer chips in the world’s largest semiconductor market.
It is the single largest China-bound investment by a Taiwanese company.
The chipmaker plans to establish a wholly owned subsidiary in China, TSMC (Nanjing) Co Ltd (台積電 (南京)), to manage the company’s first 12-inch wafer fabrication in China and a design service center there.
“With our 12-inch fabrication and design service center in Nanjing, TSMC aims to provide closer support to customers as well as expand its business opportunities in China in step with the rapid growth of the Chinese semiconductor market over the past several years,” TSMC chairman Morris Chang (張忠謀) said in a company statement. [FULL STORY]