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Amid global shortages of semiconductors ranging from chips for autos to graphics processors, Taiwan Semiconductor Manufacturing said early Thursday it plans to spend $28 billion to increase the capacity of its plants.
Taiwan Semi’s (ticker: TSM) American depositary receipts rose 9% to $129.68 in afternoon trading.
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Taiwan Semi Is Betting $28 Billion on Rising Demand for Chips
Amid global shortages of semiconductors ranging from chips for autos to graphics processors, Taiwan Semiconductor Manufacturing said early Thursday it plans to spend $28 billion to increase the capacity of its plants.
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Jan. 12, 2021 6:13 am ET
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