Contract microchip maker Taiwan Semiconductor Manufacturing
Company (TSMC) plans to invest US$10 billion over the next 10 years in the Songjiang
Science and Technology Park in Shanghai.
TSMC is the first company to invest in the
semiconductor industry on the mainland after authorities in Taiwan relaxed a ban last year.
Production at the park is expected to begin in the fourth quarter of next
TSMC currently has a direct total investment of US$898 million, including
registered capital of US$371 million for its Shanghai operations.