The Taiwan Semiconductor Manufacturing Corp (TSMC), a major supplier of made-to-order computer chips, will invest US$10 billion in Shanghai's Songjiang District over the coming decade, local authorities in the city said.

"The deal has been agreed and the total chip-making investment (by the Taiwan corporation) will be no less than US$10 billion," said Wang Wentao, the district's vice-governor, who is in charge of the district's industrial planning. According to authorities in Shanghai, the Taiwan corporation's Shanghai factory involves initial investment of US$1.11 billion and will start production in the fourth quarter of next year, with monthly production of 30,000 200-millimetre (8-inch) chips. The construction of the first batch of workshops was completed by the end of last month and the trial runs of the Shanghai factory's chip-manufacturing facilities will be finished by next June, said Wang.

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