TSMC Weighs Multi-Billion Dollar Chip Plant Investment In Singapore

Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) explored building a semiconductor factory in Singapore to help address a global supply shortage, the Wall Street Journal reports.
TSMC studied the feasibility of production lines that would make 7- to 28-nanometer chips widely used in cars, smartphones, and other devices.
The cost would run into the billions of dollars. The government in Singapore, a central chip-making hub, might help fund the plant.
The global semiconductor chip crisis has agitated many industries, forcing governments like the U.S. and Japan to attract chip-production sites.
Major chipmakers like GlobalFoundries Inc (NASDAQ:GFS) and Micron Technology, Inc (NASDAQ:MU), and Infineon Technologies AG (OTC:IFNNY) have a significant presence in Singapore.
Price Action: TSM shares traded higher by 0.07% at $90.60 on the last check Thursday.
Photo via wikimedia Commons