Three major computer chip manufacturers are to team up to build a $14.7 billion chip complex.

TSMC has signed a deal with two other Taiwan chip makers - Powerchip Semiconductor and Vanguard - and has now started work on building new plants in its native country.

Taiwan Semiconductor Manufacturing's facility at the Hsinchu Science Park in Taiwan will include an advanced 12-inch wafer plant to make chips for computers and a wide range of consumer gadgets, explains Reuters.

"We will have both R&D and manufacturing in the new plants", said J.H. Tzeng, a TSMC spokesman, although he would not say how much his company had invested.

>> Via - Reuters