TSMC shares fall more than 4% after Intel's plan to expand advanced chip capacity

Tiger Newspress2021-03-24

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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Comments

  • chinsainty
    2021-03-31
    chinsainty
    Wait for pullback. Enter hard $100
  • w8w8
    2021-03-30
    w8w8
    Hoot TSMC gaola
  • CatFished
    2021-03-26
    CatFished
    How does intel plan even bother TSMC at all? There don’t seem to be a rational reason as to why Intel is even a potential competitor by some company that decide to head fresh into the chip making business 
  • Wallstrtbets
    2021-03-26
    Wallstrtbets
    Taiwan sinking mfg corp?
  • ConnieCD
    2021-03-26
    ConnieCD
    Time to get in some
  • Gigachad
    2021-03-26
    Gigachad
    OOF! 
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