Taipei, Sept. 28 -- Taiwan's Ministry of Economic Affairs (MOEA) approved applications filed by Taiwan Semiconductor Manufacturing Co. (TSMC) to invest USD 44 billion in the United States since December 2020, as the contract chipmaker advanced its USD 265 billion overall investment plan in Arizona, according to a news report by Focus Taiwan.

Official records maintained by the MOEA's Department of Investment Review showed that the regulatory authority cleared seven separate outbound investment filings submitted by the foundry giant over this period. The initial green light, cleared in December 2020, permitted the company to transfer USD 30.001 million to establish its wholly owned American subsidiary, TSMC Arizona, laying the operational ...