TSMC abandons plan to build advanced fab in Longtan amid protests

• Taiwan Semiconductor Manufacturing Co. (TSMC) has abandoned plans for an advanced wafer fab in Longtan due to opposition from local residents over land expropriations.
• The chipmaker will seek an alternative location while expanding production and upgrading technologies.
• The Longtan expansion was met with protests from residents set to be affected by land expropriations.
• TSMC’s formal announcement follows a recent social media message from the protesting residents stating the company’s willingness to abandon the expansion. Despite this, TSMC plans to continue its expansion and upgrade efforts in cooperation with the science park’s authorities.

External Link : https://focustaiwan.tw/business/202310170017