TSMC to Build Chip Factory in Japan as It Faces Surging Demand

Taiwan Semiconductor Manufacturing Co. plans to build a new chip manufacturing plant in Japan, the company said Thursday, as chip makers world-wide rush to increase production capacity amid a historic shortage of semiconductors.

The Japan factory is the most recent expansion plan for TSMC, the world’s largest contract chip maker, as it faces surging demand for semiconductors used in products such as cars and electronics. Construction will begin next year and mass production in late 2024, company executives said.

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