The government is to assist Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) search for a suitable site for an advanced wafer fab, National Development Council (NDC) Minister Kung Ming-hsin (龔明鑫) said yesterday.
Kung’s comments come amid claims from local residents that TSMC has agreed to abandon a planned expansion project in the Longtan (龍潭) section of Hsinchu Science Park (新竹科學園區).
Chinese Nationalist Party (KMT) caucus whip William Tseng (曾銘宗) asked the minister, who sites on TSMC’s board of directors, whether the government — the chipmaker’s single largest investor with a 6.38 percent stake — was aware of the Longtan project.
Photo: CNA
Kung said that the government would provide any assistance necessary to help TSMC locate an ideal place in Taichung or Kaohsiung for a wafer fab to make chips with technology more advanced than the 2-nanometer process.
The Hsinchu Science Park Bureau said that the Longtan expansion project covers a 158.59 hectare parcel for semiconductor firms to develop 2-nanometer or more sophisticated technologies.
The project is expected to create 5,900 jobs and generate NT$600 billion to NT$650 billion (US$18.6 billion to US$20.14 billion) in production value per year, it said.
The expansion is aimed at helping upgrade Taiwan’s industrial development, and several semiconductor firms had expressed their willingness to invest in the project, the bureau said.
However, the project has faced strong opposition from Longtan residents on environmental grounds. Several residents staged a protest in front of the bureau on Oct. 4, demanding a withdrawal of the plan.
A group opposed to the expansion wrote on social media that TSMC had expressed a willingness to abandon the project at a meeting with residents and Hsinchu Science Park Bureau representatives.
Kung said that he was not sure whether TSMC had yet proposed leaving the project to its board, while an official from the National Development Fund said the government would stay in contact with the chipmaker on the matter.
TSMC has yet to comment on the claims.
The semiconductor firm started mass production of the advanced 3-nanometer process in Tainan at the end of last year, and is developing the more advanced 2-nanometer process, which is slated to begin commercial production in Hsinchu in 2025, while production is also planned in Kaohsiung.
Handset camera lens maker Largan Precision Co (大立光) on Sunday reported a 6.71 percent year-on-year decline in revenue for the third quarter, despite revenue last month hitting the highest level in 11 months. Third-quarter revenue was NT$17.68 billion (US$581.2 million), compared with NT$18.95 billion a year earlier, the company said in a statement. The figure was in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$17.9 billion, but missed the market consensus estimate of NT$18.97 billion. The third-quarter revenue was a 51.44 percent increase from NT$11.67 billion in the second quarter, as the quarter is usually the peak
Taiwan’s foreign exchange reserves hit a record high at the end of last month, surpassing the US$600 billion mark for the first time, the central bank said yesterday. Last month, the country’s foreign exchange reserves rose US$5.51 billion from a month earlier to reach US$602.94 billion due to an increase in returns from the central bank’s portfolio management, the movement of other foreign currencies in the portfolio against the US dollar and the bank’s efforts to smooth the volatility of the New Taiwan dollar. Department of Foreign Exchange Director-General Eugene Tsai (蔡炯民)said a rate cut cycle launched by the US Federal Reserve
The US government on Wednesday sanctioned more than two dozen companies in China, Turkey and the United Arab Emirates, including offshoots of a US chip firm, accusing the businesses of providing illicit support to Iran’s military or proxies. The US Department of Commerce included two subsidiaries of US-based chip distributor Arrow Electronics Inc (艾睿電子) on its so-called entity list published on the federal register for facilitating purchases by Iran’s proxies of US tech. Arrow spokesman John Hourigan said that the subsidiaries have been operating in full compliance with US export control regulations and his company is discussing with the US Bureau of
Pegatron Corp (和碩), a key assembler of Apple Inc’s iPhones, on Thursday reported a 12.3 percent year-on-year decline in revenue for last quarter to NT$257.86 billion (US$8.44 billion), but it expects revenue to improve in the second half on traditional holiday demand. The fourth quarter is usually the peak season for its communications products, a company official said on condition of anonymity. As Apple released its new iPhone 17 series early last month, sales in the communications segment rose sequentially last month, the official said. Shipments to Apple have been stable and in line with earlier expectations, they said. Pegatron shipped 2.4 million notebook