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TSMC reaffirms 'commitment to Taiwan' despite U.S. chip push

Chipmakers says its has spent $60bn at home to expand cutting-edge production

TSMC displays a chip wafer at a ceremony in Tainan, Taiwan, on Dec. 29 marking the start of production for 3-nanometer chips. (Photo by Cheng Ting-Fang)

TAINAN, Taiwan -- Taiwan Semiconductor Manufacturing Co. on Thursday sought to allay concerns that its massive investment in chip production in the U.S. could weaken Taiwan's own strategically important semiconductor industry at a time of heightened tensions with China.

TSMC Chairman Mark Liu said the world's largest contract chipmaker has invested a total of 1.86 trillion New Taiwan dollars ($60.4 billion) for 3-nanometer and 5-nm chip production -- among the most advanced in the world -- at its factory in the Tainan Science Park in southwestern Taiwan.

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