In the face of a global semiconductor shortage, Taiwan Semiconductor Manufacturing Company (TSMC) has announced plans to build a new fab on the island. It is to be built in the southern city of Kaohsiung, Reuters reported on Tuesday. According to the report, the new chip factory will produce both 7-nanometer chips and 28-nanometer semiconductors. Construction of the factory is expected to begin in 2022, with production scheduled for 2024. The total cost of the factory was not disclosed.
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