TSMC, the Taiwanese global chip market leader, is concretizing its expansion plans. By 2023, 40,000 wafers per month are to be produced in their Chinese factory located in Nanjing. This corresponds to a capacity expansion of 60 percent. TSMC plans to invest 2.8 billion US dollars, as the company announced some time ago. The Nanjing plant will produce technologically less sophisticated 28-nanometer chips, which are nevertheless highly relevant to the automobile industry. TSMC has stated that the global shortage of automotive chips will be “significantly reduced” by this quarter, as business portal Caixin reported.
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