TSMC building new wafer plant.

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TSMC building new wafer plant.

posted on Mar 28, 2016 09:30AM

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's top contract chip maker, said on Monday it has signed an agreement with the Nanjing City Government to invest $3 billion building an advanced wafer manufacturing facility in China.

The announcement comes after TSMC said in December it planned to set up its first wholly owned advanced fabrication plant in China with a $3 billion investment, highlighting the growing importance of the Chinese market for semiconductor giants.

http://finance.yahoo.com/news/taiwans-tsmc-signs-deal-build-094225625.html

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