TSMC says working to overcome global chip shortage

Taiwan’s TSMC, after its participation in a White House meeting on global chip crunch, has said it is actively supporting and working with all stakeholders to overcome a global semiconductor shortage.

“TSMC has been a strong partner in this effort, taking unprecedented actions to address this challenge,” it said in a statement.

“We are confident that our capacity expansion plan including the advanced 5nm semiconductor fab in Phoenix, Arizona – one of the largest foreign direct investments in U.S. history – will enable us to support the industry in driving long-term stability in semiconductor supplies.”