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TSMC acquires Qualcomm facility for $85M

TAIPEI -- Apple supplier Taiwan Semiconductor Manufacturing said in a local exchange filing Wednesday it has reached an agreement with Qualcomm to purchase the U.S. mobile chipmaker's facility in the northern county of Taoyuan for $85 million.

    According to a source familiar with the deal, TSMC will turn the Qualcomm plant, which churns out display products using the U.S. company's mirasol technologies, into an advanced packaging facility.

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