TSMC Japan's JASM Second Fab Gets Approval for 3nm Process Upgrade, Targeting 2028 Mass Production

The Investment Commission of the Ministry of Economic Affairs of the Taiwan Region of China has approved TSMC's Japan-based subsidiary JASM to upgrade its second wafer fab (Fab 23 Phase 2) in Kumamoto from the original 6nm process to the 3nm process. The fab will have a monthly production capacity of 15,000 12-inch wafers, with equipment installation and mass production expected to commence in 2028. Additionally, the Commission approved TSMC to increase its capital injection into TSMC GLOBAL LTD. by US$30 billion, which will be used for time deposits and US dollar bonds to earn interest income and reduce foreign exchange hedging costs.