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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan Semiconductor Expands In Japan With New $14 Billion Chip Factory

Taiwan Semiconductor Semiconductor Japan Taiwan CC Wei NYSE Taiwan Semiconductor Manufacturing Co TSM Kumamoto Prefecture United States
Taiwan Semiconductor Manufacturing Co.

Taiwan Semiconductor Manufacturing Co. Ltd.’s (NYSE:TSM) Japan arm, Japan Advanced Semiconductor Manufacturing (JASM), has signed an agreement with the government of Kikuyō Town in Kumamoto Prefecture to build its second wafer fabrication plant, which marks the start of construction. 

The new facility entails a $13.9 billion investment and will produce 6-nanometer chips for advanced technologies, including autonomous vehicles and artificial intelligence.

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