TSMC confirmed on December 7 that it will set up a 12-inch chip factory in Nanjing.

TSMC plans to invest approximately US$3 billion in the plant, which includes existing equipment from TSMC and preferential policies from the mainland government in the integrated circuit industry. The "Investment Review Committee of Taiwan's Ministry of Economic Affairs" stated this afternoon that it will approve the plant construction plan within two months after TSMC's documents are completed.

According to TSMC’s plan, the new factory has a monthly production capacity of 20,000 12-inch chips, and is expected to start producing 16-nanometer processes in the second half of 2018; at the same time, TSMC has also set up a local design service center to establish Taiwan’s Accumulate the company’s ecosystem in mainland China.

TSMC said that when setting up a factory in Nanjing, it mainly considered that Nanjing has geographical and transportation advantages, has gradually developed a relatively complete semiconductor supply chain, and has sufficient talents. The local government of Nanjing also has a strong willingness to cooperate.

Taiwan Semiconductor Manufacturing Co., Ltd., Chinese abbreviation: TSMC, English abbreviation: tsmc, is a semiconductor manufacturing company. Founded in 1987, it is the world's first professional integrated circuit manufacturing services (wafer foundry) company. Its headquarters and main factory are located in Hsinchu Science Park, Taiwan, China.

In 2017, the industry share was 56%. In the first quarter of 2018, consolidated revenue was US$8.5 billion, a year-on-year increase of 6%, net profit was US$3 billion, a year-on-year increase of 2.5%, gross profit margin was 50.3%, and net profit margin was 36.2%, of which 10-nanometer wafer shipments accounted for 19% of total wafer revenue. As of April 19, 2018, the US stock market TSM had a market value of US$217.4 billion.