World’s largest chipmaker TSMC to build a second factory in Japan | CNN Business

New Delhi CNN  — 

Chip giant Taiwan Semiconductor Manufacturing Company (TSMC) is upping its output in Japan as it continues to expand its global presence.

The world’s largest chipmaker will build a second semiconductor fabrication plant, or fab, in the country in “response to rising customer demand,” TSMC said in a statement Tuesday.

Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary majority-owned by TSMC, plans to start construction by the end of 2024, it added. The facility is scheduled to be operational by the end of 2027.

Together with JASM’s first plant, which is scheduled

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