TSMC is also evaluating the possibility of a plant in
The upbeat comments on production came as the world's largest contract chipmaker the same day reported record earnings for 2022, driven by solid demand for chips for 5G network equipment and personal computers.
The chipmaker said its net profit soared 70.4 percent from 2021 to an all-time high of
TSMC is constructing a plant in Kikuyo,
The top executive said his company aims to begin production at the
The Taiwanese chipmaker is considering the second plant as the government is stepping up efforts to bolster supply chains for critical components, such as semiconductors, to improve the country's economic security.
Wei said the global chip market is expected to shrink by about 4 percent this year, but TSMC's advanced technology will help the company maintain solid earnings.
==Kyodo
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