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November 26, 2012

Taiwan Semiconductor Manufacturing raises NT$23.6bn, breaks ground on new fab factory

The new deal includes a NT$10.6bn ($363M) five-year bonds, a NT$10bn ($342M) bond for seven years and a NT$3bn ($102M) 10-year bond.

By CBR Staff Writer

Contract chip manufacturer Taiwan Semiconductor Manufacturing has raised about NT23.6bn ($810m) through the sale of bonds.

The bond sale includes a NT$10.6bn ($363M) five-year bonds, a NT$10bn ($342M) bond for seven years and a NT$3bn ($102M) 10-year bond.

In late August 2012, the firm sold about NT$12.7bn ($435m) of five-year bonds and NT$9bn ($308m) of seven-year bonds.

Taiwan Semiconductor Manufacturing is also planning to begin construction of a new fab module at its Fab 14 gigafab at the SouthTaiwan Science Park in Tainan in 2013.

To be built as part of NT$500bn ($17bn) advanced capacity expansion plan by the firm, the construction on sixth phase module is being started seven months after the commencement of construction on phase-five.

TSMC co-chief operating officer Chiang Shang-yi was quoted by the Taipei Times as saying: "The factory will be the world’s first 12-inch factory producing 20-nanometer system-on-chips and the first 16-nanometer FinFET chip manufacturing site for TSMC."

Aimed at manufacturing 16-nm FinFET circuits in 2014, the phases 5 and 6 of the construction are expected to double the manufacturing capacity of the initial four phases.

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