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Taiwan's TSMC to build $16bn advanced chip facility

World's largest contract chipmaker wants more orders from Apple, Qualcomm ahead of rivals

TSMC's advanced chip facility in the southern Taiwanese city of Tainan

TAIPEI -- Contract chipmaker Taiwan Semiconductor Manufacturing Co., which controls a leading 55% share of the global market, said on Wednesday it plans to build a $500 billion New Taiwan dollar ($15.7 billion) facility in Taiwan that would churn out the world's most advanced chips.

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