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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

Taipei District Court judges yesterday found former Chinese Nationalist Party (KMT) legislator Diane Lee (李慶安) guilty of fraud and forgery over her possession of dual citizenship and sentenced her to two years in prison.

Lee was convicted of four counts of fraud in connection to her US citizenship. An original four-year sentence was commuted to two years.