TSMC to build cutting-edge chip plant in Taiwan with $2.9 billion investment – reports

TAIPEI (Reuters) – Taiwanese chip maker TSMC plans to invest nearly T$90 billion ($2.87 billion) to build an advanced chip testing and packaging facility in Taiwan’s northern county of Miaoli, according to the official Central News Agency.

TSMC did not immediately respond to request for comment.

($1 = 31.3230 Taiwan dollars)

(Reporting By Yimou Lee and Sarah Wu; Editing by Kim Coghill)