The groundbreaking ceremony was conducted by TSMC Chairman and CEO Dr. Morris Chang.

ENGADGET: TSMC begins construction of new $9.3b foundry, wants to sate our constant hunger for chips

At yesterday's investor meeting in Taipei, TSMC's chairman and CEO Morris Chang shared the good news that his company's 28nm chip shipment this year will triple that of last year, which should boost its annual increase in revenue to above the industry's average rate of seven percent.

ENGADGET

Their stories of triumph and tribulation have been chronicled as cover stories in FORBES ASIA in the past year, including features on Li Ka-shing, Steve Wynn, Teresita Sy-Coson, Simon and Eleanor Kwok, Vincent Tan, Shyam and Hari Bhartia, as well as Morris Chang, the FORBES ASIA Businessman of the Year in 2012.

FORBES: A Message From FORBES ASIA Publisher William Adamopoulos