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On the Japanese island of Kyushu, the fruits of the country’s industrial policy are about to go on show. On February 24th tsmc, the world’s most advanced chip producer, will open its first fabrication plant in the country. Earlier this month it announced plans for a second plant nearby.
Contrast that with the Taiwanese giant’s other big international expansion, in America. Last summer it pushed back the start of production at the first of two plants it is building in Arizona
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