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Taiwan's top memory chip maker Nanya plans $10bn plant

Company follows TMSC and Intel in expanding capacity to address global shortage

Wu Chia-Chau, chairman of Nanya Technology, announces the Taiwanese chipmaker's plans for a new plant in New Taipei. (Photo courtesy of Nanya Technology)

TAIPEI -- Taiwan's leading memory chipmaker Nanya Technology on Tuesday announced it will build a $10 billion chip plant intended to alleviate a severe global semiconductor shortage and capture growing demand for 5G-related components.

The 300 billion New Taiwan dollar ($10.69 billion) facility will be in the northern Taiwanese city of New Taipei and will be the company's largest new plant in more than a decade.

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