TSMC Says It Is "Rooted in Taiwan" Even As It Expands Abroad

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TSMC Says It Is "Rooted in Taiwan" Even As It Expands Abroad

CNA2023-07-28

TSMC will remain "rooted in Taiwan", its chief executive said on Friday in a bid to allay concerns that the world's largest contract chipmaker could abandon its island home as it expands abroad.CEO C....

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Wei was speaking at the opening of a massive research and development facility that TSMC, Asia's most valuable listed company and a key Apple Inc and Nvidia Corp supplier, built in Taiwan's tech hub Hsinchu.\"We want to use this opportunity to tell all the people of Taiwan that TSMC is determined to remain rooted in Taiwan,\" Wei said.\"Recently, to respond to customer requests, we have been building a lot of production lines around the world,\" he said. \"But we've also heard deeply concerned voices asking if TSMC has already moved its core abroad.\"While the company makes the bulk of its chips in Taiwan, it has committed $40 billion to building a chip factory in the U.S. state of Arizona. 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