Tuesday, October 19, 2021

Taiwan’s TSMC says working to overcome global chip shortage

Must read

Stock Markets54 minutes ago (Sep 24, 2021 12:20AM ET)

(C) Reuters. FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan’s TSMC said on Friday it is actively supporting and working with all stakeholders to overcome a global semiconductor shortage, after its participation at a White House meeting on the issue.

“TSMC has been a strong partner in this effort, taking unprecedented actions to address this challenge,” it said in a statement.

“We are confident that our capacity expansion plan including the advanced 5nm semiconductor fab in Phoenix, Arizona – one of the largest foreign direct investments in U.S. history – will enable us to support the industry in driving long-term stability in semiconductor supplies.”

Taiwan’s TSMC says working to overcome global chip shortage

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest article

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.