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Taiwan’s TSMC says working to overcome global chip shortage By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – The Taiwan Semiconductor Manufacturing Co. (TSMC), logo is pictured at the headquarters in Hsinchu on January 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.

In a statement, it stated that TSMC was a “strong partner” in the effort and took unprecedented measures to resolve this issue. 

“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.”

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