{"id":7063,"date":"2023-04-12T03:59:02","date_gmt":"2023-04-12T03:59:02","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/tsmcs-taiwan-investment-plan\/"},"modified":"2023-04-12T04:02:11","modified_gmt":"2023-04-12T04:02:11","slug":"tsmcs-taiwan-investment-plan","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/tsmcs-taiwan-investment-plan\/","title":{"rendered":"TSMC’s Taiwan investment plan has not changed, says minister"},"content":{"rendered":"

By Sarah Wu and Ben Blanchard<\/p>\n

TAIPEI (Reuters) – Taiwan’s TSMC has not changed the investment plan for its new chip factory in the island’s southern city of Kaohsiung, Economy Minister Wang Mei-hua said on Wednesday, responding to a media report of the chipmaker slowing down expansion at home. <\/p>\n

“TSMC making Taiwan its global R&D hub and manufacturing hub has not changed,” Wang told reporters on the sidelines of parliament. “TSMC investing in Taiwan, investing in Kaohsiung, also has not changed.”<\/p>\n

Wang’s comments come after Taiwan’s DigiTimes publication reported, citing sources, that TSMC is slowing down its expansion plans in Kaohsiung and other Taiwanese cities.<\/p>\n

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple supplier, declined to comment, citing its quiet period ahead of quarterly earnings due next week. <\/p>\n

The chipmaker broke ground last year on its Kaohsiung plant, which will produce mature 28-nanometer semiconductors. <\/p>\n

In 2021, TSMC said the Kaohsiung expansion would also include advanced 7-nanometer chips, but the company later postponed plans to build the advanced chips there. <\/p>\n

TSMC, the world’s largest contract chipmaker, said in January it expects softer demand due to a slowing global economy and would decrease its capital expenditure this year to $32-$36 billion, from $36.3 billion last year.<\/p>\n

The company has in recent years ramped up investments abroad, announcing new chip factories in the United States and Japan. <\/p>\n

TSMC’s shares were down about 1% on Wednesday morning, lagging the broader market. <\/p>\n

\n

(Reporting by Sarah Wu and Ben Blanchard; Editing by Muralikumar Anantharaman)<\/p>\n

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By Sarah Wu and Ben Blanchard TAIPEI (Reuters) – Taiwan’s TSMC has not changed the investment plan for its new chip factory in the island’s southern city of Kaohsiung, Economy Minister Wang Mei-hua said on Wednesday, responding to a media report of the chipmaker slowing down expansion at home. “TSMC making Taiwan its global R&D […]<\/p>\n","protected":false},"author":8,"featured_media":7064,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[],"class_list":["post-7063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ3B03Z-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=7063"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7063\/revisions"}],"predecessor-version":[{"id":7065,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/7063\/revisions\/7065"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/7064"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=7063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=7063"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=7063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}