TSMC Weighs Multi-Billion Dollar Chip Plant Investment In Singapore
- Taiwan Semiconductor Manufacturing Company Ltd NYSE:TSM explored building a semiconductor factory in
Singapore to help address a global supply shortage, the Wall Street Journal reports. - TSMC studied the feasibility of production lines that would make 7- to 28-nanometer chips widely used in cars, smartphones, and other devices.
- The cost would run into the billions of dollars. The government in
Singapore , a central chip-making hub, might help fund the plant. - The global semiconductor chip crisis has agitated many industries, forcing governments like the U.S. and
Japan to attract chip-production sites. - Major chipmakers like GlobalFoundries Inc NASDAQ:GFS and Micron Technology, Inc NASDAQ:MU, and Infineon Technologies AG (OTC:IFNNY) have a significant presence in
Singapore . - Price Action: TSM shares traded higher by 0.07% at
$90.60 on the last check Thursday. - Photo via wikimedia Commons