TSMC says to invest $11.9 bln in advanced tech in Taiwan

TAIPEI, April 9 Sun Apr 8, 2012 10:48pm EDT

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TAIPEI, April 9 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, said on Monday that it will invest more than T$350 billion ($11.86 billion) in advanced production technology in Tainan in Southern Taiwan in coming years.

Chairman Morris Chang said at a ground-breaking event for a phase 5 production plant to manufacture 20 nanometer chips, that combined production with with phase 6 of the plant is expected to generate revenue of about $6 billion per year, as the chipmaker seeks to compete with rivals such as Samsung Electronics Co Ltd in a highly capital-intensive industry.

The new plant is expected to start volume production in 2014.

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