15-April-2024

Apple Supplier TSMC Rethinks 1Nm Chip Plant Location Amidst Residents' Opposition

Grand News Network | October 18, 2023

After facing significant backlash from local residents, the Taiwan Semiconductor Manufacturing Company (TSMC) has decided to reconsider the location initially chosen for its upcoming 1nm chip factory.

What happened: According to a report by 9to5Mac, the Taiwanese tech giant TSMC, a key supplier for Apple Inc. (NASDAQ:AAPL), had originally planned to construct its new chip manufacturing plant in Longtan, Northern Taiwan. However, the chosen location would have required certain residents to relocate, causing a wave of protests.

In response to the protests, TSMC has agreed to explore alternate sites for its new factory. The company aims to work alongside the government-run Science Park Administration to identify suitable land within Taiwan to construct semiconductor factories. The details of the potential alternative sites have not been revealed yet.

Building a new plant involves substantial power and water resources, indicating a substantial infrastructure investment. Recognizing the industry’s crucial role, Taiwan’s Economic Minister ensured that the government would offer the necessary support.

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Full story available on Benzinga.com


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