The Taiwan Semiconductor Manufacturing Company (TSMC) is reportedly discussing plans with the Singaporean government to open a plant in that country.

TSMC is well-known for manufacturing Apple’s A-series and M-series chips, as well as AMD processors, but the tech giant also produces chips for display drivers and power management, which are in short supply thanks to supply constraints due to COVID-19-related lockdowns. These supply constraints have already cost Apple $6 billion in the last two quarters, and that amount could go up to $8 billion. Techosmo

The global shortage of chips that forced several automakers to halt production has brought attention to Taiwan’s outsized role in semiconductor manufacturing.

Much of that dominance comes down to TSMC, the world’s largest foundry that counts major technology firms such as Apple, Qualcomm and Nvidia as its clients. CNBC