Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell more than 4% in Wednesday morning trading after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s 'economy minister' sought to downplay the impact.
In addition,Taiwan stepped up its fight against its worst drought in decades, further reducing water supplies to areas including a key hub of semiconductor manufacturing in the central part of the island in an effort to stop reserves from running dry.
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