TAIPEI -- Taiwan Semiconductor Manufacturing Co. has received final approval to build its most advanced chip plant yet, a day after U.S. rival Intel said it planned to seize chip industry leadership.
Environmental approval could help chip giant stay ahead of Intel

TSMC, the world's leading chipmaker, is expanding its overseas manufacturing capacity in places like China, Germany, Japan and the U.S. but keeping its most advanced new plant onshore in Taiwan. © AFP/Jiji
TAIPEI -- Taiwan Semiconductor Manufacturing Co. has received final approval to build its most advanced chip plant yet, a day after U.S. rival Intel said it planned to seize chip industry leadership.