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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

The government is to hold a series of events on the sidelines of the UN General Assembly in New York next month while calling on the global body to stop the misinterpretation of Resolution 2758 and allow Taiwan’s meaningful participation in its system, the Ministry of Foreign Affairs said yesterday.

Taiwan is stepping up its efforts to promote the nation’s bid to join the UN leading up to the 78th session of the General Assembly on Tuesday next week and the General Debate from Sept. 19 to Sept. 26.

Due to a misinterpretation of UN Resolution 2758 Taiwan has been inappropriately excluded from the UN, which should be rectified, Deputy Minister of Foreign Affairs Tien Chung-kwang (田中光) said yesterday.