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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 US aims to “ensure that it is not easy or cost-free” for China to use military aggression against Taiwan, a senior US defense official told a seminar in Washington on Thursday.

China is unlikely to attempt a rash invasion of Taiwan in 2027 — a goal assumed by some analysts — but the US would continue to strengthen its regional deterrence in the Indo-Pacific region to ensure that China is aware that such an attempt would be very costly, US Assistant Secretary of Defense for Indo-Pacific Security Affairs Ely Ratner said.