Taiwan’s TSMC says working to overcome global chip shortage

Stock Markets35 minutes ago (Sep 24, 2021 12:20AM ET)

(C) Reuters. FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan’s TSMC said on Friday it is actively supporting and working with all stakeholders to overcome a global semiconductor shortage, after its participation at a White House meeting on the issue.

“TSMC has been a strong partner in this effort, taking unprecedented actions to address this challenge,” it said in a statement.

“We are confident that our capacity expansion plan including the advanced 5nm semiconductor fab in Phoenix, Arizona – one of the largest foreign direct investments in U.S. history – will enable us to support the industry in driving long-term stability in semiconductor supplies.”

Taiwan’s TSMC says working to overcome global chip shortage

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