Powerchip opens NT$300 billion fab in Miaoli

Miaoli, May 2 (CNA) Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp. (PSMC) on Thursday inaugurated a NT$300 billion (US$9.23 billion) new fab in Tongluo, Miaoli County, which is set to initially churn out 50,000 12-inch wafers a month, according to the company.