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TSMC announces chip plant in Japan, flags 'tight' capacity throughout 2022

Business & Finance

Summary

Q3 profit T$156.3 bln vs T$149 bln market forecastQ3 revenue up 22.6% on year in U.S. dollar termsTSMC lifts 2021 revenue growth target to about 24%Japan factory to start production by late 2024

TAIPEI, Oct 14 (Reuters) - Taiwan chip giant TSMC (2330.TW) announced on Thursday plans to build a new factory in Japan to meet long-term appetite for chips and said, near-term, tight supplies will likely continue into 2022 amid booming demand during the COVID-19 pandemic.

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