Taiwan Semiconductor drops plan for northern Taiwan site for chip facility after protests - report
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Taiwan Semiconductor Manufacturing (NYSE:TSM) said it would not set up an advanced chip facility in a rural part of northern Taiwan following local residents protests on not wanting to move for the expansion of an industrial park, Reuters reported.
The company noted that it would work with the government-run Science Park Administration "to evaluate land in Taiwan suitable for building semiconductor fabs," according to the report.
TSM â which produces chips for some of the world's largest tech companies including Apple (AAPL), Nvidia (NVDA) and AMD (AMD) â did not provide information on potential alternative sites.
The company was planning to build a 1-nanometre chip factory in Longtan, according to a report from Central News Agency report in December.
TSM's nanometre technology is currently its most advanced in mass production.
Taiwan Economy Minister Wang Mei-hua noted that the government would help TSM with land, water and power requirements, Reuters reported.
Mayor of Kaohsiung Chen Chi-mai added that his city has adequate water, power, and land for more semiconductor factories. TSM is currently building a 2-nanometre chip factory in the area.

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