Taiwan's TSMC says working to overcome global chip shortage

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The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang/File Photo

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TAIPEI, Sept 24 (Reuters) - Taiwan's TSMC (2330.TW) said on Friday it is actively supporting and working with all stakeholders to overcome a global semiconductor shortage, after its participation at a White House meeting on the issue.

"TSMC has been a strong partner in this effort, taking unprecedented actions to address this challenge," it said in a statement.

"We are confident that our capacity expansion plan including the advanced 5nm semiconductor fab in Phoenix, Arizona - one of the largest foreign direct investments in U.S. history - will enable us to support the industry in driving long-term stability in semiconductor supplies."

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Reporting by Ben Blanchard Editing by Shri Navaratnam

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