By Karen Freifeld (Reuters) -Taiwan Semiconductor Manufacturing could face a penalty of $1 billion or more to settle a U.S.

"After a painful learning curve, we have finally connected most of the dots and know which local construction contractors we can work with in building new plants," a TSMC executive told Nikkei.

President Donald Trump claimed his threat of steep import tariffs pushed TSMC to boost its U.S. investment from $65 billion to $200 billion without government aid.

TSMC spent five years building its first fab in Arizona and the company has said that future U.S. fabs will take only two years or less to build and open. This is a big deal since it means that TSMC's ...