TSMC says U.S. plant construction 'more costly' than expected

Taiwan chip titan assures revenue to grow up to 30% in 2022 amid market slowdown

20220608 TSMC

TSMC Chairman Mark Liu speaks during a livestream of the Taiwanese chipmaker's annual shareholders meeting on June 8. (Photo by Cheng Ting-Fang) 

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Wednesday said the cost of building its U.S. chip plant is higher than previously estimated, and again called for Washington to extend planned support for the chip industry to foreign as well as domestic companies.

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