Categories: Business

Taiwanese Semiconductor Manufacturer to Spend $12Bln to Build Factory in US

MOSCOW (Sputnik) – Taiwan Semiconductor Manufacturing Company (TSMC) on Friday announced it would spend $12 billion to open a semiconductor factory in the United States.

The plant will produce 20,000 semiconductor wafers a month and create more than 1,600 high-tech jobs, the company has promised.

In early May, the administration of US President Donald Trump was reported to be negotiating relocation to the US with many semiconducting companies, TSMC included, to decrease the US’s dependence on foreign countries.

Sourse: sputniknews.com

Taiwanese Semiconductor Manufacturer to Spend $12Bln to Build Factory in US

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