Taiwan Semi Downplays Report of Singapore Plant, Adds Possibility Not Ruled Out

Seekingalpha2022-05-20

Taiwan Semiconductor (NYSE:TSM) downplayed a report that said it was looking at building a chip manufacturing plant in Singapore, noting it did not have any specific plans at the moment, Digitimes reported.

However, Taiwan Semi (TSM) added that it did not rule out the possibility of building a plant in Singapore.

Taiwan Semi (TSM) shares rose nearly 2.5% to $92.37 in premarket trading on Friday.

On Thursday, it was reported that Taiwan Semiconductor (TSM) was looking at building a plant in Singapore, likely focused on making chips between seven and 28 nanometers, which are older generation chips and used in cars, smartphones and other electronics.

Taiwan Semiconductor (TSM), which makes chips for clients such as Apple (AAPL), Advanced Micro Devices (AMD) and Nvidia (NVDA), has previously said it would spend as much as $44 billion this year in capital expenditures to help deal with the chip shortage that has crimped supply chains across the world.

Taiwan Semiconductor (TSM) has worked to expand its global footprint with factories all over the world, including one in Arizona that is behind schedule.

The company also recently started construction on a plant in Japan.

Last week, it was reported that Taiwan Semiconductor Manufacturing (TSM) has started to inform some of its customers that it will raise its prices between 5% and 9%, starting next year.

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Comments

  • PearlynCSY
    2022-05-22
    PearlynCSY
    World’s No. 1 chipmaker TSMC eyes multibillion-dollar plant in Singapore. TSMC may build a new multibillion-dollar factory in Singapore, the Wall Street Journal (WSJ) reported on Thursday (May 19).The Singapore government may help fund the construction of the plant, the report said, citing unnamed sources. Negotiations are underway with the Singapore Economic Development Board (EDB), WSJ added.When contacted by The Business Times, a spokesperson said EDB does not disclose details of project discussions with companies, if any, as they are private and confidential. Meanwhile, a TSMC spokesperson told WSJ: “TSMC doesn’t rule out any possibility but does not have any concrete plan at this time.”The Taiwan chip firm is the world's largest contract chipmaker and a major Apple supplier.Just
  • BrownBaby
    2022-05-20
    BrownBaby
    Like
  • BrownBaby
    2022-05-20
    BrownBaby
    Ok
  • Huatkor
    2022-05-20
    Huatkor
    👍🏻
  • FALCON
    2022-05-20
    FALCON
    Ok
  • luckyjas
    2022-05-20
    luckyjas
    Dont think they will
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