An anonymous reader writes "With demand for processors growing and costs rising, using larger wafers for manufacturing is highly desirable, but a very expensive transition to make. TSMC just announced it has received approval from the Taiwan government to build a new factory for 450mm wafers, with the total cost of the project expected to be between $8-10 billion. The move to larger wafers isn't without its risks, though. Building new facilities to handle production is the easy part. The industry as a whole has to overcome some major technical hurdles before 450mm becomes a viable replacement for the tried and tested 300mm process. TSMC's chairman Morris Chang has stated the next five years will be filled with technical challenges, suggesting 450mm wafers may not be viable until at least 2017."