TMSC Expands in Taiwan

“TSMC (2330.TW) plans to invest nearly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan”

“Even as the leading Apple (AAPL.O) supplier ramps up its expansion abroad, it plans to keep its most advanced chip technology in Taiwan, a global powerhouse in manufacturing semiconductors that power everything from smartphones to electric vehicles.”

" The world’s largest contract chipmaker said TSMC’s position as the leading manufacturer of AI chips - including for chip designers Nvidia Corp (NVDA.O) and Advanced Micro Devices (AMD.O) - has not offset broader end market weakness as the global economy recovers more slowly than it had expected."