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Benzinga

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Anusuya Lahiri

Taiwan Semiconductor Plans Ultra-Advanced Chips By 2028 With Massive Taichung Fab

Taiwan Semiconductor Semiconductor Taichung Taiwan Semiconductor Manufacturing Co TSM Mediatek Nvidia

Taiwan Semiconductor Manufacturing Co.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) stock trended on Wednesday following reports that the contract chipmaker plans to break ground on a new 1.4-nanometer fabrication plant in Taichung next quarter.

The facility is expected to reach an annual production value of up to 500 billion New Taiwanese dollars ($16.49 billion), the Taipei Times reported on Wednesday citing the Central Taiwan Science Park Bureau.

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