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.
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