Chip maker plans further plant in US By Investing.com

© Reuters.

Investing.com – The shares of Taiwan Semiconductor Manufacturing (NYSE 🙂 lost 0.37 percent in value on Friday immediately after the start of US trading. As Asia reported, the world’s third largest semiconductor manufacturer and the world’s largest independent contract manufacturer for semiconductor products is considering building another state-of-the-art manufacturing facility in the United States.

According to the report, TSMC will focus on advanced chip packaging technologies at the new location. It would be the first of its kind outside Taiwan.

TSMC began construction of its $ 12 billion facility in Arizona earlier this month. The plant is expected to be operational by 2024.

TSMC announced in April a $ 100 billion investment plan for the next three years. This is intended to increase the capacities in the factories.

TSMC plays a central role in the global supply chain as a result of the global chip shortage affecting industries such as automotive and consumer electronics.

The company’s shares have risen tremendously since the coronavirus pandemic began, making TSMC the most valuable manufacturing company in Asia with a market capitalization of $ 564.3 billion, more than double that of Intel (NASDAQ :).

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