TAIPEI, TAIWAN — Taiwan Semiconductor Manufacturing Company (TSMC), one of the world’s largest chipmakers, has announced plans to build a new plant in Japan, a move experts say may help revive Japan’s declining chipmaking sector and bolster its economic security.
The new plant is slated to begin operation in 2024, said CEO C.C. Wei,
who announced the expansion. The operation will expand TSMC’s worldwide production while fostering Taiwan’s economic ties to Japan, according to Yukan Fuji, a Japanese newspaper.