TSMC announced plans to build a wholly-owned 300mm wafer manufacturing plant and a design service center in Nanjing, China. The foundry has submitted an application to the Investment Commission of Taiwan's Ministry of Economic Affairs, as it needs permission to export cutting-edge technology to China. IF it gets approved, the plant will kick off 16nm production in the second half of 2018. It will have a wafer start capacity of 20,000 300mm wafers per month.
"In view of the rapid growth of the Chinese semiconductor market, we have decided to establish a 12-inch wafer fab and a design service center in China to provide closer support to our customers there and to further expand our business opportunities," said TSMC chairman Morris Chang.