Taipei, July 3 -- Taiwan Semiconductor Manufacturing Co. (TSMC) has received official clearance to inject USD 20 billion into its wholly owned subsidiary in Arizona.

According to a news report by Focus Taiwan, the approval was one of nine major domestic and overseas investment projects cleared by the MOEA's Department of Investment Review at a meeting Thursday.

This latest round of funding marks the sixth time the department has approved TSMC investments in the United States. The decision pushes the total amount cleared for the semiconductor giant's American operations to USD 44 billion. Government officials outlined the specific manufacturing goals tied to this new wave of capital.

The latest funding will be used to build a 12-inch wa...