TSMC plans to produce its most advanced chips at a new plant in Japan

TSMC, the world's largest contract chipmaker, has told Japanese Prime Minister Fumio Kishida it plans to produce its most advanced 3-nanometer semiconductors at a new plant in Kumamoto, Japan. This represents a major upgrade to the facility, which was originally planned for less advanced chips, and is part of a push to meet growing demand for chips used in artificial intelligence. The total investment for this advanced production is reported to be around $17 billion.