Benzinga | Jul 15, 2021 07:16AM EDT

Apple Supplier TSMC Exploring Chip Plant Building Plan In Japan: Bloomberg

* Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) CEO C.C. Wei confirmed the company's ongoing due diligence to build a fabrication plant in Japan, Bloomberg reports.

* He also elaborated plans to expand its manufacturing capabilities in the U.S. and China at a Q&A session following the Q2 results announcement.

* Japan's share of global semiconductor sales plummeted to 10% in 2019 from 50% in 1988.

* Previously, TSM collaborated with twenty Japanese companies for a chip development program.

* TSM is a major chip supplier to Apple Inc (NASDAQ:AAPL)

* Price action: TSM shares traded lower by 2.73% at $121 in the premarket session on the last check Thursday.