Taiwan’s TSMC Says Working to Overcome Global Chip Shortage

TAIPEI—Taiwan’s TSMC 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.”