Taiwan Semiconductor Manufacturing (TSM) Chief Executive Officer C. C. Wei flagged a delay in the company's expansion in Japan due to traffic issues, Bloomberg News reported Tuesday.
Wei described the delay as minor, according to Bloomberg. The company said in an emailed statement that it plans to start construction at its second plant in Japan within the year, the report said.
Meanwhile, Wei reiterated Taiwan Semiconductor's commitment to spend an additional $100 billion to ramp up its manufacturing operations in Arizona over the next five years, Bloomberg added.
Taiwan Semiconductor Manufacturing did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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