By: George Liao, Taiwan News, Staff Writer
The Investment Commission of the Ministry of Economic Affairs Wednesday approved Taiwan Semiconductor Manufacturing Company’s (TSMC) application for an investment project to build a wholly-owned 12-inch wafer manufacturing facility and a design service center in Nanjing, China with a total capital investment not exceeding US$3 billion.
As the first case of Taiwan’s first wholly-owned 12-inch fab in China, TSMC’s application has been approved by more than 10 related government agencies since the company first submitted its application to the Investment Commission on Dec. 17 last year.
TSMC said it will soon begin construction of the facility on a selected day since the project has been approved by the commission. [FULL STORY]