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TSMC to invest $2.8bn in China to ramp up auto chip production

Taiwan chip giant will build new facilities in Nanjing amid severe shortage

TSMC plans to invest in building a factory to produce 28-nanometer chips in Nanjing. (Photo courtesy of the company)

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, will invest $2.8 billion in China to ramp up the production of semiconductors used in automobiles.

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