Taiwan remains TSMC's base despite US investment

TSMC chief executive officer C.C. Wei (second left) attends a ‘First Tool-In’ ceremony at the Arizona facility which is under construction. The company has reassured its government that the island remains the Taiwanese chipmaker’s production base. — Bloomberg

TAIPEI: Taiwan’s economy minister says that the island remains chipmaker Taiwan Semiconductor Manufacturing Co Ltd’s (TSMC) most important production base after the company announced it would more than triple its planned investment at its new Arizona plant to US$40bil (RM176bil).

TSMC’s Arizona factory has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a “goodbye to Taiwan” trend among chip firms.