Taiwan Semiconductor Manufacturing Company Limited Stock Jumps as TSMC’s Longtan Fab Plan Returns

TSMC seeks approval for advanced fab in expanded Hsinchu Science Park

Taipei, May 4 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC) is seeking government approval for an advanced wafer fab in Hsinchu Science Park's Longtan Campus, the park's bureau said Monday.

Taiwan Semiconductor Manufacturing Company Limited Stock Jumps as TSMC’s Longtan Fab Plan Returns

TSMC is seeking approval to build an advanced wafer fab at Hsinchu Science Park’s Longtan campus, reviving a plan shelved in 2023 after local opposition. TSMC shares surged 6.56% to NT$2,275, pushing Taiwan’s Taiex index above 40,000 for the first time. The company reported Q1 revenue of NT$1.134 trillion, with 74% from advanced technologies. TSMC is also expanding in Arizona and faces competition from Samsung and SK Hynix. The post Taiwan Semic…