To further expand its production capacity, the Taiwanese Semiconductor Manufacturing Company (TSMC) is building three new facilities to manufacture 3nm chips in Tainan, Taiwan. The effort is part of the company’s $120 billion investment to establish new production facilities in the hope of strengthening its grip on the global market.

TSMC builds three new 3nm chip fabs in Tainan, Taiwan as part of its $120 billion investment comes via ChinaTechNews.com.