Ministry of Economic Affairs Investment Commission adopted TSMC's investment plan for set up 12-inch wafer fab in the China
Ministry of Economic Affairs Investment Commission held a review meeting on 3 February, 2016, approved Taiwan Semiconductor Manufacturing Company (TSMC) to China, Nanjing 12-inch wafer fab investment plan. TSMC will invest in the China to set up wholly-owned TSMC (Nanjing) Company, with a total investment amounting to 30 billion dollars.
Executive Secretary of the Investment Commission pointed out that, considering TSMC will only invest to set up wholly-owned Company, and its 12-inch wafer fab process technology is still lagging behind Taiwan more than one generation. Also, the investment plan will not impact on investment and employment opportunities in Taiwan, including invest in Taiwan 8,600 million Taiwan dollar in next three year and increase 2,500 to 3,500 jobs in Taiwan per year. In addition, the investment will help TSMC to achieve dominance of the global market. Thus, after consultation with others administrative agencies, today the Commission adopted TSMC's investment plan for set up 12-inch wafer fab in the China.
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