World's largest chipmaker TSMC to build a second factory in Japan

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, is planning to construct a second semiconductor fabrication plant in Japan. The subsidiary majority-owned by TSMC, Japan Advanced Semiconductor Manufacturing (JASM), will begin construction by the end of 2024, and the facility is expected to be operational by the end of 2027. This expansion is aimed at meeting rising customer demand. TSMC’s investment in Japan, with support from the Japanese government, is expected to exceed $20 billion and create around 3,400 skilled jobs. TSMC is also facing delays at its project in Arizona.