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TSMC to invest US$60bn in Tainan

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that it plans to invest more than NT$1.86 trillion (US$60.5 billion) on an advanced factory in Tainan to expand 3-nanometer chip capacity, after its plans to produce chips in the US triggered concerns at home over technology outflow and talent drain.

The world’s biggest contract chipmaker in 2018 said that it plans to spend NT$700 billion on a “giga-fab” in Tainan, dubbed Fab 18, to produce 5-nanometer chips, and establish a research and development (R&D) team. The company at the time said that it would reserve half of the facility’s space for the production of 3-nanometer chips.

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Tsai reinstates one-year conscription

Conscription is to be restored to one year for all men born after Jan. 1, 2005, starting in 2024, President Tsai Ing-wen (蔡英文) said yesterday as part of an updated national defense plan.

“The decision is a difficult one, but as the head of the military and for the continued survival of Taiwan, this is an inevitable responsibility,” Tsai said.

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Newsflash

A majority of respondents in a poll released by Taiwan Thinktank yesterday agreed that the government should slow the pace of signing an economic cooperation framework agreement (ECFA) with China and postpone next week’s fourth round of high-level cross-strait talks before a higher degree of public consensus is reached.

The survey showed that 62.5 percent of respondents agreed that “the December [5] election results showed that many people in Taiwan still have doubts about an EFCA plan and thus the [President Ma Ying-jeou (馬英九)] administration should put off signing the deal with China and rather seek consensus within the country.”