Powerchip Technology Corporation was founded in 1994 and is headquartered in Hsinchu, Taiwan.

The company plans to invest NT$278 billion (US$9.04 billion) to build two new 12-inch wafer plants in Hsinchu Science Park, with construction scheduled to start in 2020[2] In March 2021, Powerchip broke ground on a new factory in Miaoli County that will manufacture chips with 45-nanometer and 50-nanometer technologies.

[5] In May 2015, PSMC and the Hefei City Construction and Investment Holding Group established Nexchip in China as a joint venture.

[6] In 2023, SBI Holdings and Japan's Miyagi Prefecture, Powerchip Semiconductor Manufacturinghas officially confirmed that JSMC's first fabrication facility will be located at the Second Northern Sendai Central Industrial Park(Miyagi).

[7] PSMC is cooperating with company Tata Electronics to build 12-inch wafer fabrication in Dholera, Gujarat.