This agreement affirms that TSMC will make an investment in Nanjing valued at $3 billion to establish TSMC (Nanjing) Co. Ltd., a subsidiary managing a 12-inch wafer fab and a design service center.

On Wednesday, the company outlined plans to sharply raise spending on AI infrastructure after posting its fastest pace of revenue growth since 2023. Global funds have reduced holdings of TSMC ...

and Tacoma Technology Ltd and Tacoma (Nanjing) Semiconductor Technology Co., Ltd (collectively known as “Tacoma”) announced today that Tower has received a first payment of $18 million net, rendering ...